I was the first person I've seen to write that New Orleans should be abandoned in the wake of Katrina, but now the meme is spreading. Don Singleton and Greg Ransom have concurring posts, and the latter has satellite pictures that show the city post-apocalypse.
Get your Tim Geithner TAX CHEAT! stamps!
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The comment login system is acting strange. If you get an error message saying you aren't logged in when you are, just reload the comment page and try again. I'm trying to track this bug down, but it's not easy.
The prblem is in its current location it is basically the furthest up river large ships can go to pick up cargo brought down river on barges (or via truck). So even if you didn't let people live there you'd sill need a port facility of some sorts to maintain the shipping industry. Unless you dregdge the Mississippi to get the big ships further up stream.
Stratfor has an interesting analysis of the strategic importance of New Orleans for US national security:
http://www.stratfor.com/news/archive/050903-geopolitics_katrina.php
Looks to me like Brain Terminal beat you by at least an hour.