Well why shouldn't they just offer us more ways to get unlimited bait? Of course, they could increase the spawn time of critters to let's say 10 seconds. They could furthermore nerf the bait powers, and nerf their sell values. I mean, they re-introduced critter sell values in 1.3.0.1, so it appears to be intentional. I really think they should bring back the ability to catch critters from statues, it gives players more options, instead of more items to store inside chests.
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Really? You don't like getting easy money? I mean, there are still easy ways to make money, but still, there is no easy way to mass produce explosive bunnies, gold fish bowls, bowl of soup, and other useful items like decoration blocks. They should just let us have more options to get bait and money, instead of giving us statues that spawn background critters. How exciting. This is the wiring update after all, we should be able to use mechanisms such as statues to our advantage.