Go here to check out the official statement - http://www.subdyn.com/photored.html
The site also echoes a few of my quieries... such as...
How effective is the actual photoreading process ? All the information from a book seems to come from the speed reading after photoreading... and, 'rapid reading' is no different than ordinary reading except that you don't stop and think while reading
Please check out the website, and let me know your reactions