I'd be mostly fine with the huge bagload of loanwords if we could at least have a spelling system that made sense for our language, like we used to... 1000 years ago.
Latin alphabet but with some accents, and the eth/thorn/yogh/wynn/ash (ð/þ/Ȝ/ƿ/æ) characters that English used to have, and Icelandic still has some of.