Orac, so some rather highly unlikely theory gets your full support, although I don't quite get the connection. If you accept Einstein's equivalence principle, so making Schwarzschild coordinates just as acceptable as any other, can you tell we just where what they say about what we observe (in our view) become unacceptable to you? Is it just at the event horizon and is that because you just do not quite get how to handle infinities? You keep bringing up QM but it is just because QM breaks down that black holes form. In particular, the exclusion principle no longer holds sway.
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Dave Proffitt
http://blackholeinside.co.uk