Is not worthy of more than initial shameless geek's wonder. It's a giant money pit that suffocates other fusion projects' funding. It by design will never deliver economical power to "people", IE beyond a small experimental grid. NIF is another "fusion" project that's eating funds like the proverbial black hole, for no ROI as far as public energy's concerned.
This family tree of fusion architectures is missing at least 1 major branch:http://i.imgur.com/6IlSYQp.png
So there's many alternatives to ITER, even if only theoretically. In practice you have a handful of publicly disclosed projects that are running on minuscule funding compared to ITER:
Lawrenceville Plasma Physics
General Fusion's steampunk-ish design
Lockheed-Martin's more recently announced "compact" attempt
And others along with each of the above's possible side-experiments (IIRC... There's Polywell replications/partial replications in Japan and Iran and... I forget)
You could start reading about these other animals in the fusion zoo here for example - http://nextbigfuture.com/2013/06/alan-b ... n-and.html