Chan right about HPFAP?

[chicagoY]

Pardon my ignorance, I loved HPFAP and read it three times, but in a review on here posted by Maurile (thanks!) Terrence Chan said,

"the 'I want to memorize a chart of starting hands and make poker into basic BJ strategy' crowd--Those people are busy reading HPFAP and getting slaughtered in 15/30 games across the internet...it's a fine book for 1999 or whenever, but Mason's refusal to admit that there's anything at all wrong with the book rubs me the wrong way. Anyone who plays as advised in the book is going to miss value bets, miss bluffs and lay down way too often. They're not going to be able to beat any but the truly softest of games."

Is there any truth to this?
I have to ask because my focus has been almost exlusively NL for 1.5 years. What's the major thing wrong with HPFAP? chan post