I discussed NC in my other comment. But, yes, ND is arguably counter the whole remix culture that was supposedly part of the impetus for Creative Commons in the first place. I do kind of see the logic behind prohibiting, say, a remix of a video or photo in a way that misrepresents the subject. But I also don't particularly like it.
True enough; philosophically, I am still in the BY camp (a.k.a. BSD/MIT/etc.), and I do not particularly care about the NC part, but ND is increasingly important for non-code. But if they could do even the BY properly, it would be a step to the right direction (and, to some extent, I think they're doing that).
ND is important for those who do "authoritative writing" (for a lack of a better term); i.e., when you write with your real name, you do not want nonsense and disinformation associated with your name.
Yes, I think of it more in the context of photo and video integrity, but you can certainly imagine an unscrupulous individual rewriting something and changing the meaning. Of course, I doubt a license would stop that person.
Not really. You're supposed to attribute the original creator. And if I did make major changes/additions I'd find some way to flag that. But you don't have a Github-style change log.
The magic of the web has always been that things would continuously morph through being reinterpreted and all, and that just doesn't happen with ND.
I can of course see the valid reasons why one would pick that license, but it's still.. kinda sad that it's culturally dead.