My take...
1) If they wanted to prohibit a Light Sport pilot from operating over a scattered,broken or overcast layer, they could have just said so in the reg.
2) Since they didn't, my take is that as long as you can see the ground at all, in any direction, you're golden.
3) If it was illegal for a Sport Pilot to operate over a scattered layer it would be a huge operational problem. In the southeast there's often a scattered layer somewhere around 2,000' to 6,000'. The air above is usually smoother and cooler, especially important when warm. To condemn a pilot to bouncing around in the heat and turbulence down low makes no sense. It can even adversely affect safety, forcing a pilot down to where towers live and limiting gliding range and available landing spots in the event of an engine failure.
4) I will again point out that Light Sport restrictions like these may make sense for a pilot only trained to Light Sport standards. Much less so for a Private, Commercial or ATP that is simply flying sans medical. None of that pilot's previous training or experience suddenly vanished the day his or her medical expired. Logically, there should be some sort of "grandfather" provisions built in for such cases.
But for now, I'm just glad to be flying at all without the yearly "annual roulette". I can live with not flying at night, not flying over 10,000' and needing "visual reference to the surface". Not hugely limiting for the kind of flying I do now, just seems kinda silly.