Availability?
Since Netflix has released episodes of the show, that isn't a problem. Now the recent episodes, I doubt I'll have access to them unless someone is kind enough to upload them (and that is if the series holds my interest). I should also mention that we can't access the Hub channel, which is a shame since it also offers reruns of Batman: The Animated Series and Beyond, which captivated my interest for that channel as well.
Lack of interest in the show outside of memetic material?
Not a problem.
Lack of time?
I often find myself doing a whole lot of stuff in the week, often including class assignments (and unfortunate procrastination and dedication to unimportant things), so that's a problem.
Fear that it won't match the hype?
A possibility.
Don't want to be associated with rabid idiot bronies?
Since I'm in the Pokémon and Sonic the Hedgehog fandoms, I've seen a lot of idiots or outright gross people, and I try not to get worked up about it. I've seen the ugly side of the MLP:FiM fandom and that hasn't scared me from looking into that show (or the stigma gained for being a fan of that show, but then again, I've seen Pokéfans slam Bronies... I mean at least the Pokémon series had its stigma for being for kids, boys
and girls, where My Little Pony for the longest time was exclusively aimed for little girls).
I mean, hell, I'll be the first to admit that FIM just isn't for everyone. I'm not one of those people who thinks it's a fact that everyone who watches it is hooked. That's just stupid and arrogant.
Oh yes. Bless you for not being those bohos who are just so... religious about this show. I mean what were they like before the Friendship is Magic series, and when someone on 4Chan's /co/ board snarked a negative review of the show on Cartoon Brew (the original author complained about how animation isn't like "better times" and now everything is just "toyetic")? When I'm in a fandom, it's usually because I like a work, not some sort of cry for attention. I mean I also pointed out that I might get disappointed (which is why for all this time, I never watched an episode of the Melancholy of Haruhi Suzimaya and Lucky Star, despite getting caught into them in 2007-2008. I mean I might hate them outright if I were to watch them now).