That's a reasonably skeptical take on the story so far.
I've heard it said that the Fleischmann-Pons debacle in 1989 was detrimental to the entire field of fusion research during the 90's because of the effect it had on public perception. Hopefully the same thing doesn't happen to superconductors if LK-99 turns out to be another highly-publicized dead end (especially after there was already a falsified superconductor paper earlier this year).
As far as we know, room-temperature superconductors are within the realm of possibility (and far more likely than cold fusion), so if LK-99 is a bust we shouldn't let cynicism kill any hope of finding the real deal.