As someone who’s been working on LHC physics for the past year, it’s definitely exciting to see that it’s about to come online. However, I have decided to move to another project for personal reasons. In any case, the first physics collisions are definitely a milestone, but it will still be years before we can hope to get much new physics out of it. Background signals and systematic errors will have to be well understood, and the nature of nature is such that we will basically have to wait for years, colliding around the clock, before we reconstruct enough signature events to claim any discovery. People I talked to about this say 5 years is the earliest before we’ll see any Higgs discovery claims, and probably significantly longer than that is more realistic.
With regard to the practical results from the LHC, my feeling is that we probably won’t be able to see any difference in our lives whether or not the Higgs is discovered. We have many constraints on what it could and couldn’t be, and the bottom line is that if we need a multi-billion dollar, state-of-the-art collider to catch even a glimpse of them, its hard to imagine how that could ever be scaled down enough to be practical. The real payoff will have to be mostly intellectual (not that there’s anything wrong with that.) However, there are of course some fringe benefits that shouldn’t be ignored. For example, Fermilab (which is the American HQ for Compact Muon Solenoid research) attracts the best and brightest from around the world to Batavia, IL. Many settle here and we benefit. Also, the development of the LHC has prompted the invention of new electronics, new detection methods, new computational algorithms to sift through all this data. Some of these advances will likely find there way into less cosmic areas, and we all benefit. Whether this justifies the expense is really a matter of taste, but compared to the cost/benefits of Iraq, the war on drugs, or any number of other government funded money drains, this is a bargain.
And as for the issue of the money being spent on medical or biological research, this is really a pittance compared to the funding, public and private, that those fields generate.