The really exciting thing about light sport is the use of non-certificated avionics and parts. The prices on said avionics, instruments, autopilots and the like actually... make sense. Not at all like what we pay to garmin for the TSO versions. Also, the use of off the shelf parts.
Because, lets be very honest. Our $2000 fuel pumps, magnetos and the like are the very best that the automotive world of the 1950s had to offer. Back in those heady days, the aircraft manufacturers often just bought the same parts. But now they're codified specialty items and the only idiots who still want repair parts for a 1959 Chevelle are classic car guys, us, and 5000 guys in Cuba.
If they'd just expand that portion of the regs to all single engine piston, we'd see a second blossoming of GA. Light sport is too limited to be enticing.