It's a hypothesis, not a theory. It never sets out to make any testable claims at this point, it's just a possible explanation that might warrant future thought

It's a hypothesis, not a theory. It never sets out to make any testable claims at this point, it's just a possible explanation that might warrant future thought. Not much different from the various interpretations of quantum mechanics or even some of the more grand, amorphous theories of physics, like string theory. In the future, the hypothesis could spawn interesting testable theories. For example, finding a bug or, for lack of better term, VM escape exploit. But yes, right now it's a philosophical idea rather than a physics theory. That doesn't make it worthless or a religion. Unlike a religion, it lacks any proscriptive elements that would inform how you live your life.