Licensing and subbing is what has created the high popularity Anime is in the US market today. Yeah, I do admit that many dubs done by the American studios (4Kids as a major culprit) have reduced the enjoyment of the show and sometimes ruin it (Knights of the Zodiac anyone?), but without those licensing, there will be a minimum market. Money makes the world go around.

The re-writing of the story is the worst thing they can ever do. It makes the show just dumb (extreme case once again is Knights of the Zodiac).

As for Naruto on Adultswim, it is a better idea than most, but the most important thing is who is going to license the Anime. Even if Naruto is shown on Adultswim, if 4Kids or DIC Entertainment licenses it, the product will probably be not as good, unless they change their way of dubbing. From my experience, ADV and Bandai do an okay job, and Funimation is not too bad except for the editing that they do quite a bit. Pioneer (now Geneon) is still my favorite, even though their choice in dub actors are questionable at times.