Rob, cmon is it really that bad? You say that only the greedy get rewarded? I dont think so. I think the average Joe gets rewarded, he/she can stay longer and fish more if there are more fish to be harvested. And yes this will take some of the attention off of wild/native fish as well.
I think the daily limit thing should be handled on a case by case basis, while the run is occuring. However, I think the annual limit thing should be looked at again( for hatchery fish only). Take the Cowlitz summer run last year for example. The daily limit was three, and even the most un-experienced of angler's were limiting there with plenty of fish to spare. Im doing the math and that makes 10 days of limiting between the months of May and August, this was not a hard thing to do last year. Yeah I know who could eat more than 30 steelhead a year is your next question. Certainly even the biggest steelhead eater would grow tired, but how about friends and neighbors that are constantly asking for some fish. Is it really that bad to send a little hatchery meat their way?
I think the increased limit on hatchery fish is win/win. More oppurtunity for the masses and less pressure on wild or native runs.

RL