I see your point, but the SPS is only a few days old. This is by no means the end stage of it.
Imagine what it will be like in 2 years when everyone is used to it being funding good projects...
I would make the listing proposal with yearlong funding with the promise to repay overfunding. It is still worth the try in my opinion. It may take a few months to get the funding but I think we will get the funding if we give it a few months time.
It's hard for everyone to think about the endstage of technology, this SPS is still a toddler... of course, the current state is a little disillusioning. 

But that it would depend heavily on whale votes was clear from the beginning when we knew it would be stake weighted. It think that's not a bad thing, it just needs time to gather momentum for some good proposals.