If you had read books in Russian, you'd notice that basically no Russian writer after Karamzin (who IIRC proposed the ë letter himself) "respected" the Russian language enough to use the letter. It's legitimate for you to use it (all the better for me as a foreign speaker), but it's not something to act elitist about.
Whether Russian will go in the direction of English depends on how its pronunciation develops, for now it's still pretty close to the spelling, although there are words and forms such as "моего, сегодня" that are pronounced as "моево, севодня". I wonder how many people would support changing this spelling.