Here's the Bad Astronomer's initial reaction. The important thing, I think, is that the whole debate is silly as it is an attempt to create a scientific distinction where none exists.
Another thing I've found interesting is that 90% of the people seem to, upon hearing about this debate, immediately think about having to revise that mnemonic. I never knew there was a mnemonic for it. It's been kind of like learning that everybody but me is in on a secret.