Another issue is that the torpedo's design limits its potential for maneuvering. Turn a bit too much "sideways" and the bubble collapses, destroying the torpedo. The thing would have the turning radius of a Bonneville Salt Flats racer at 200+ mph.
The design also creates an enormous amount of noise, so any submarine using such a weapon would get one shot before Hell rained down on it. Now, if we were to build a similar toy with "swim-out" capability, that would really turn subsurface warfare on its ear.
Swim out as in hundreds of kilometers with smart technology to act as intelligent mines once they get where they are going (Op Area) ... waiting to ignite the rocket when the right thing gets close enough.
All done in high security/secrecy and then ambushing us as we send a big CBT to the aid of Korea.