How true this is. However don't let this make you into a cynic. There are also some very fine minds indeed available who make no money whatever for contributing their time and effort on forums such as these.
If all you use your PM for is to guide intensity during training you are missing out IMHO. However bear in mind that 'zones' are just that, and don't necessarily have to be *that* accurate. More important is to keep regular records of power output across several of the same sessions. Also very few coaches who know what they're talking about would attempt to 'transfer' Watts measured on one meter to another if you catch my drift. If measurements are made like for like and the PM is properly calibrated PMs are capable of being very accurate, although I would limit that to Powertaps and SRM Pros and above.
I have *no* financial incentive to say this but I have owned and used Powertaps for a couple of years now and they have been virtually faultless. This includes an SL. Bear in mind that the disgruntled will always make more noise than the satisfied.
As has been discussed elswhere there is absolutely no evidence to support the contention that 'smooth' pedalling is either a good or a desirable thing. Secondly a power meter is absolutely not the way to examine pedalling mechanics as their resolution is too poor to gather useful data regarding torque application during a duty cycle, unless you have access to an SRM equipped with torque output (and even then you have to be aware of the limitations). This job is almost entirely the preserve of force-instrumented pedals. If your goal is to measure peak power the job is still difficult to do. Jim Martin's inertial-loading method is probably the only technique which generates usable results.
Again, there is a great deal of information regarding cadence in the scientific literature but as yet there is not a definitive picture of how it affects the physiological responses of a range of different cyclists. Bearing this in mind I feel that gathering cadence data is possibly a waste of time unless you intend to use it in conjuction with PM data to generate force-velocity curves (similar to the ideas being kicked around by Andy Coggan).
L.