Been browsing a few pages and a lot of the same arguments over and over but i'm not really going to go into much of them (aside from the technical ones which I have no clue about)
As far as those saying to upgrade to those that have insufficient hardware, it's not always within ones budget to do so, be it have a job or not, because really computers/laptops are generally a luxury item, or at least as far as watching anime and such.
I'm just lucky I got a quad core laptop earlier this year, though I have a WD Live Hub hooked up to my TV as a means to serve my media easier, as my laptop doesn't really have a proper spot to sit, plus just the general hassle of having it hooked up and running, if it was a desktop then that would be something else, as I would more than likely have it permanently on the TV.
I'm not even sure where i'm going with this train of thought, anyway moving on.
As far as 8bit vs 10bit goes, I say have a slot for both, or at the very least a slot for 720p 8bit. I have friends that have a range of hardware, one doesn't watch HD because of the hardware he has but I doubt many, if any, SD releases would be in 10bit but i wonder how that would run on less powerful hardware.
Seeing as I tend to share my anime out (well fansubs anyway), I like to be able to cover most bases, so more often than not i'll get the one I want and if I know someone that wants to watch it, i'll get a lower quality version if they dont have the hardware.
I don't think there should be a time limit either on existing torrents but more of a general phase out, give it a couple years. Cull off the older ones first that have very little activity, especially if there are a few HQ releases of it but keep at least one of each as there's always going to be someone that may not be able to use 10bit properly.
Though if my WD Live Hub was compatible with 10bit or I had some kind of other compatible, convenient solution then I would worry about it even less personally but regardless keep 8bit and 10bit in tandem.
As far as HD releases go, even if 1080p is reserved for 10bit and 720p is for 8bit, I wouldn't really see an issue with that. Though honestly there isn't that great of a difference, sure I can tell at times whats 1080 and whats 720 but it depends on the source but in the end, as long as its a clean, crisp HD image then it's all good as far as i'm concerned.