What "Net"?
The NIST report may well be a "laughingstock" on the conspiracy-oriented web sites, but on the web at large (the Internet is a network, as noted; as such it's lower-level than the WWW and carries services such as SMTP and NTP; sadly "The Internet" has become a synonym for "The World Wide Web". But I digress.) it's not fair to say that it's a "laughingstock".
Please note that I don't give a shit what the "blogosphere" thinks, either.