I remember having this discussion years ago here in AllDeaf. The question was Matrix-related... "If I had two pills... red that makes you hearing and blue that does nothing... which would you take?"
Anyway, my answer is... I don't know. I would have to give it a lot of thought.
I've already learned to accept the fact that I am deaf. However, if I did take the pill and made myself hearing... I wouldn't change the way I am. I would still respect and act the same in deaf society. Of course, I would still consider myself "deaf" in a way since I still have a lot to learn before hearing like a hearing person. I would have to learn how to recognize things more. I would still ask for interpreters. Etc...