Great to see you again ArkHam... post more!!
Also I think that there is a big difference between "competitive" and "kitchen table" decks. Competitions by their very nature are not about fun, they are about winning. I do not really have a problem with this. If you are interested in thematic and synergistic decks, then to put it bluntly, the competitive arena is simply not for you. I do not think it is fair to hate on people that play the game, but play it in their own way. For me personally I am in 100% agreement with Arkham, but that is just what I get form the game, it is not for me to judge what other people get from the experience.
CoC is all about synergies. There is no way a designer can predict the combos that can be created across the entire card pool. Though the yard play in the key set was obviously open to abuse imo.. Still, I think it is a sign of a healthy game that such combos even"broken" ones can be built at all. Any top tier card game has times when certain deck and combos are just out of control. I see nothing wrong with this. It is just up to FFG to restrict or ban as needed. Any game you pick will have certain decks that have popped up that people cry broken. It is compounded with the internet. In the old days you built a deck and had a good chance that only you will have that deck, now days with the net everyone shows up running the same decks. So not only do power decks exist, but the dominate the event. This deck is really bad though, it has everything that is bad in ccg's in one deck. Infinite Combos, un-interuptable effects, self protection, self fueling... the list is just ridicules.
That being said, I feel that competitive players at comps should be allowed to play decks like this, in fact I think this is the entire point of that play style. Deck buliding and creating the most powerful and obnoxious deck possible. This is what competitive play is.. and not just in card games.. in ANY game. Winning. Now, do I respect a turn 2 Nyarlathotep? No. The decks require less skill to run and less skill to play. Still that doesn't mean that every OP combo needs to be nurffed.
So my attitude is, do not play in comps if this kind of thing offendes you, but play it.. this is the point. This deck is so powerful it will drastically change the comp scene I feel. Counter decks will show up, and I expect to see more "pros" thinking and building than crying about the power. Still I feel that these decks are not only easy to build but take no skill to play and while the players at these comps are great guys and skilled players, the event itself, when running a deck like this dose not impress me. I feel no respect. There was a similar chat about this topic in ANR about noiseshop.
So to put simply... I hate this deck, but I think it what comps are all about, deck like this.. just do not bring it to my house!