> reprocessing is an economic loser at this pointNot on a time scale of 100 years or so, let alone the 100,000 years that are being imposed as a requirement on geologic storage. On that time scale recovering unburned fuel from reprocessing will be cheaper than mining and refining fuel.
> France still does reprocessing because whatever is done with spent fuel is not that expensive
Yes, particularly when you factor in that reprocessing gives you a source of additional fuel (most of the "spent" fuel removed from reactors is actually not spent, and reprocessing recovers it for future use) that, as noted above, is expected to be cheaper than mining it in the not too distant future.
> the boondoggle
It's not a boondoggle at all, it's a rational way of anticipating future nuclear fuel requirements, as above. It's certainly much more rational than requiring spent fuel to be stored for 100,000 years as if that was the only possible thing that could be done with it.