It's what we call a (*wiggles fingers*) LA-SER. Just need to upgrade the telescopes' mirrors. Use grad students to do it on the cheap.Astronomers probably wish that they had access to five dollar ASATs.
More seriously, astronomy is going to be negatively impacted. Asteroids hunting is slowly being wound down though due to the lack of real threat.
If there was a way to mass manufacture small sat telescopes and fly them in formation 'easily' then it might be mitigated. I've seen papers for 3U cubesat telescopes to do radial velocity measurements for single stars. Even the number needed for the nearest 100 pc of space would be an uncomfortably large amount.
NASA and DOE have been talking about a lunar farside observatory as a 'ground based' alternative to the space telescopes. Talk about expensive though.