This is certainly part of the story. But, I think some of the
anger surrounding the string wars comes from the
desperation many theoretical physicists feel when it comes to making progress on big issues like the unification of forces and the quantization of gravity.
People have invested their whole careers in string theory and loop quantum gravity. Decades have gone by without any clear payoff in experimental results. Lots of good math, but no experimental confirmation! This makes people scared, and unhappy... and now, I think, it's making them fight.
Note how little fighting of this sort we see in cosmology, where people are making wonderful discoveries left and right: dark matter, dark energy, hints of inflation in the cosmic microwave background radiation.
Blogs provide a brand new forum for uninhibited and often anonymous fighting, just at a time when a bunch of physicists are getting desperate and miserable... it's a flammable combination.
Like you, I got sick of these fights. They helped convince me it was time to stop working on quantum gravity and focus on math.
For a long time these fights also kept me from starting a blog. But then, thanks to
Urs Schreiber, I realized it's possible to have a pleasant and interesting blog, by keeping it technical and avoiding controversy.
It's a pity I have to avoid writing about controversial topics just to avoid fights. But, it's worth it.