I certainly think that if the formula went through rounds of testing and was developed to the point where it could be tailored to individual nutrition, that it could certainly be used to excellent effect in a variety of scenarios.
That of course, requires moderation. Perhaps it's part of our animal nature or because we are ensconced in a commercial and economic culture that promotes consumption, but moderation is something that fewer and fewer cultures are well-known for.
I think that this product has the potential to be a good fit to help with the issue of childhood malnutrition, which is often found in impoverished or underprivileged communities. If it could be tweaked to provide the necessary nutrients for healthy human growth, then it would be fantastic to see this be a part of breakfast and lunch programs in schools.
That said, given the facts listed about the way that the product is being developed, I certainly have my doubts that it will be executed as well as it could be, or used in a way that could resolve some serious issues our societies have faced in the past and are still dealing with.
Thinking of the most evil option first leaves me space for optimism :)