Interesting handle.
I agree entirely with both of wedifrid's comments above. Just read the CEV document, and ask, "If you were tasked with implementing this, how would you do it?" I tried unsuccessfully many times to elicit details from Eliezer on several points back on Overcoming Bias, until I concluded he did not want to go into those details.
One obvious question is, "The expected value calculations that I make from your stated beliefs indicate that your Friendly AI should prefer killing a billion people over taking a 10% chance that one of them is developing an AI; do you agree?" (If the answer is "no", I suspect that is only due to time discounting of utility.)
Surely though if the FAI is in a position to be able to execute that action, it is in a position where it is so far ahead of an AI someone could be developing that it would have little fear of that possibility as a threat to CEV?
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Something else that humans generally value is autonomy. Why not just make an optional colony of superhappiness?
At what point do children get to choose it?