Public waves will need some heavy hitting filtering tools to be handy, you are right about that.
Tangential note: I've noticed your comment and a few other comments being downvoted out of disagreement lately - as per the guidelines and for the sake of rich discussions, if you disagree with a comment it would be great if you could reply to it rather than just downvote it - that we we all get the benefit of your particular viewpoint and it contributes to the discussion.
They should add reddit-like features for public waves.