Great post Jim Reilly.
I do not mean to have your words taken out of contex but I believe they are the words that best describe this book.

"No perhaps about it. It IS arrogant and it IS offensive. It is also misleading insofar as it implies approval by some authority higher than the authors. The "grading system" is called the "Official Casino Chip Grading System" (p.42 of the book). It isn't "official" anything; it's something two guys just made up.

I have said it before and will repeat it.
This book will cause great harm to "YOUR" hobby.
I do not applaud the effort put into it. I believe the effort was a means to an end for the authors and a few others in the hobby.