Since I have a huge and obvious bias, I'm mostly going to just stay out of this one, but I'd like to point your attention to the extreme opposite bias: Free Speling.

And my one comment against it: ``speling'' would be pronounced as ``speeling'', as it would be a gerund of the verb ``to spele'', English words usually have very straightforward rules for spelling and pronunciation; mostly only the words imported from elsewhere have odd spellings or pronunciations (depending on which way you look at it). Unfortunately, those words are not few.