Most of your points are sound, but I think you are too pessimistic about them being interested in us. Mightn't they be just as desperate as we are to not be alone?
> Extra terrestrial life that is more advanced than us has no reason to go on a suicide mission to come see us (a bunch of war-mongering primitive hairless baboons)
Just as advanced western scientists have no interest in going on biology field trips to remote parts of the world to study lesser species.
Traveling a few hundred miles to see a creature you can stand a few feet away from, touch, and study /AND/ traveling for millions of years, never seeing the fruit of your labor so that your great X 1,000 grandchildren might be able to reach a planet they can walk around on in an air tight suit for the rest of their lives, then send a signal back to earth which will take 20 years to reach. That's a whole new "field trip".
And if it might give you some peace, there are thing called machines that can be built to contact other civilization without sacrificing your hypothetical children.
> we can travel at 0.1c easily
Most things fail before they succeed.
[NB I wouldn't consider the Project Orion approach "existing" technology, it hardly got off the drawing board and was never tested with anything other than chemical explosives on a very small scale].