Labeling Magic Nano "nanotechnology" is akin to building a tower with a deck of cards and calling it Fort Knox, or taking the scribblings of a blogger and calling it Shakespeare.
Glenn Reynolds basically says it here (much of it based on my reporting over the past few years): If you cheapen the name of nanotech by dancing with Mr. Haney and his Wonder Elixirs, you're going to have to face the consequences of lowering your standards simply to create an imaginary, existing "nanotechnology industry."
Is it too late to raise our standards? Orville and Wilbur never once mistook Kitty Hawk for Mars.
Groups call for moratorium on nano-named products