>Why is everyone so damn obsessed with the singularity?

Because they are captives (to a system of incentives that is already "superintelligent" in comparison to any individual) who are hoping for salvation (something to make them free against their will; since it is their will which is captured).

Singularity, then, is the point at which the system itself "finally becomes able to imagine what it is like to be a person", and decides to stop torturing people. IMO, this is unlikely to work out like that.