ooh that blows. I'd say if it's not bothering you that much, just stick with what works. You could just start everyone with more chips as well but personally, I think your system is just fine. Our structure at my weekly game is much worse than yours.

$10 buy in
every chip is worth 0.25
everyone gets $10 in chips
Blinds are .25/.50
then after 2 people are out they go up to .50/$1
then after 2 more people get out..$1/$2 and so on.
its a tournament with a cash game set up. I've been trying to get everybody to change it to how it should be, but with our group we have to have a vote. Nobody but me and another guy ever vote in favor of changing it.