Josh, I guess you can't know what people at physics forums know or what does not´t know. If we go to it
John Baez post here from time to time and I guess you will agree that he knows LQG. I also have seen posts from Lubos Motl and I suspect he knows "at least a little" string theory ;).
But in fact this is also the problem in that to believe in LQG, one must also believe that general relativity remains a valid basis for quantization all the way up to Planck scales and this is inconsistent with everything we do know, not only about quantum gravity, but also from our knowledge of the other interactions.
I don´t fully agree with these and I´ll try to explain you why. On one side you can argument that by the renormalization group flow (solved at one-loop or so) the intensity of the gauge forces will become as important as the gravity forces at some regime. Well, I don´t deny it but on the other side if you get one individual gauge theory it is self consistent. It could be conceivable a world where only one such force would exist and we could quantize it and it would be a theory of everything. Yeah, it is not the world we live but it would be a mathematically self consistent theory.
I guess the same reasoning applies to gravity. You could be interested in the behaviour of it and wonder if you can make a mathematically self consistent theory of it even if you know that by doing so you are not getting an answer for the world we live. But still so I see it like a very interesting thing to investigate.
I´ll try to give you another thing why i find interesting LQG. In ordinary gauge theory (not to say in string theory) you are doing perturbation theory around some classical vacua's. And the content of the theory is very different depending on the vacua's you choose. An "elementary" case is the Higgs mechanism. If you quantize the unbroken symmetry you have a theory for a tachyonic 0 spin field and a few massless vector and fermion fields. But if you quantize around the minima obtained after spontaneous symmetry breaking you get a bunch of massive non tachyonic fields (and also some massless fields because not all symmetry is broken).
The point is that you have a quantum theory of two limits (vacua) of a classical theory, but you don´t have a quantum theory which describe simultaneuosly all the limits. If you would have a non perturbative quantum theory of a gauge + fermions + higgs fields, which would you think that its "classical limit" would be? the broken symmetry or the unbroken symmetry theory? I know "tachyon condensation" program try to answer a somewhat similar question in the bosonic string, but I am not sure if it is succesfull or if address the questions such I am formulating it.
Well, I guess that if you try to do a non-perturbative quantization of gravity, which seems to be a most complex theory than gauge theories (I am aware of the maldacena conjecture) it very easily could be that it would exist more than a "classical" limit. In fact it would be interesting to see what the LQG program could say of the "ordinary" gauge theories, maybe it could give a description of all the ranges of the theory, i.e. to have a quantum description of how you go from a vacua to another vacua.
And if we wonder about what LQG must do realize that by quantization in curved backgrounds we know that a matter + gravity in a coordinate system is equivalent to a theory with only gravity in another system, so that raises, i think, the question of which would be the "rgitht" description of classical vacua in quantum gravity. Related to these, from my viewpoint, is the question that in gauge theories you have a classical nonlinear theory. Them you choose a vacua and from there you make a quantum theory, which is a linear theory. I seriously doubt that these perturbative quantum theories represent the whole history. Until you have a nonperturbative quantization I think you don´t have a quantum description of all the regimes of a gauge theory.
Well, of course you have S-dualities that relate the weak coupling of some theories to the strong coupling of another, but I don´t think dualities are as powerful as it would be to have a nonperturbative quantum description of the theory in the whole regime.
Just to conclude a question about the stringy calculation of the black hole entropy. Ok, you make a description of a 5-D black hole by wrapping D5, D-2 branes around a torus, and counting the states of open strings that connect these branes (well, these is just a part of the history of course). also you can have different descriptions using dualities and whatever you want. And you can describe 4-D black holes as well. But, and these is my question, none of the configurations of branes+strings which allow to describe black holes are well suited to describe the world we live. I mean, they don´t allow to describe the observed standard model. But if I think of a massive body falling into the event horizon of a black hole I guess I still could describe, at least for an amount of (proper) time the matter of the object by the same kind of strings + branes hat live outside the event horizon. I don see how we would expect to map the outside description of the out of the black-hole to the in of the b-h. Well, maybe these last question makes not too much sense, but I am just now trying to appreciate the details of the stringy description.
In definitive, even if LQG wouldn´t be a theory of quantum gravity I still think it could seed light in some aspects of quantum theory. I don´t see any clear reason why people would study LQG. Personally I am triying to understand both, strings and LQG and compare them and see where they agree and differe. I neother see why one approach can´t get ideas from the other, at least to some extent.