Sorry for my negativity / meta comment on this thread. From what I can tell the stackexchange discussion in the submission already to provides all the relevant points to be discussed about this.
While the asymmetry of least squares will probably be a bit of a novelty/surprise to some, pretty much anything posted here is more or less a copy of one of the comments on stackexchange.
[Challenge: provide a genuinely novel on-topic take on the subject.]