Kiwi,
I think you bring up some points worth discussing. To me, though, the broad anti-inflammatory effects that EPA seems to have, coupled with its very low side-effects rates, suggest it will have tremendous value not only in CVD, but in numerous other multibillion $$ applications.
I think the REDUCE-IT results will be much more positive than you are positing, but there is certainly a possibility you are right. I'm willing to take my chances, especially at these prices, as the studies are pretty compelling, starting back with JELIS, even before they hit on a higher dosage.
I also think Bio is on to something regarding FDA screw-ups coming home to roost, though do not ever place full trust in courts reaching a just conclusion. They usually get it right, given a full exposure of facts and applicable laws, but miss often enough that I don't make big wagers on legal outcomes.
Good luck!