Should prostitution be legalized?

Can anyone tell me what is the oldest PROFESSION in the world? The answer is prostitution... it is the taboo of many cultures, especially to our fellow muslim friends... but it is the truth...

I heard this topic this morning through the radio and did some readings on it... the answer will not be the best answer: because for some people it is for the lesser of two evils... why do I said this? Let's take these examples which people have post on the UNICHEF... what can be concluded:

PROS
1. The rape cases can be greatly lowered
2. Prostitute will have more rights and protected
3. Corruptions will be greatly cut
4. It can be taxed
5. Child prostitute will not happened
6. The reduction of STDs and AIDs due to medical priviliges and rights, like what is happening in Thailand
7. Criminal syndicates will be greatly reduced
and MORE...

The CONS:
1. Against religions
2. Against morality
3. Encouragement of the trade
and MORE...

So, what do you think about the PROS and CONS?

My comment, unfortunately it is a 'YES'. This is because by looking at our present society, I think it is best to be legalized so that the bad elements surrounding the society can be reduced...like corruption, crime syndicates, rape cases (especially this one, it is greatly increased) and more. But, I don't see it will happen to Malaysia, not in another 10 years and so.