Debates on Lisi’s theory are back being discussed over at n-Category Café from this post on chronologically, so that you can check the exchange progress.

However, it is difficult to tell ahead the end of this story. It appears that some sort of agreement is slowly and painfully being reached, but it is clear that there is still a long way to go.

[Previous posts on Lisi's theory can be found here.]

[Edit 19-Jul-08: An interesting summary by Distler is found in a previous entry from the above mentioned exchange, dated May 22, 2008, and pointed out by Urs Schreiber. It is interesting not only for being a summary of what he interprets from Lisi's theory and the points that he indicate as being problematic, but also because he actually finds what he calls "something kinda cool about the elements of the construction" and that it "would be mildly interesting to see what sort of actions one could build with this construction".]