Her proposal is not to completely redo the system, or to chuck it altogether, but to use peer review and make things far more like typical scientific review systems. It's relatively simple, and just a great idea. If you're at all influenced by, work with, or affected by patents, or you just work in the software or other tech industries, you should give this a listen or read.
I am the VP of Engineering at DealBase.com (the largest hotel deals web site), an independent software developer, as well as VP of Engineering at Bring Light. And for the non-professional side of life, I have a great family with two small kids, love to ride bicycles, and enjoy living in Eugene, OR.