I meant unfounded as in of little or no practical value. If you're comparing phosphor bronze to CRKT-type soft Teflon washers, there's a practical benefit, because their Teflon washers are extremely easy to deform. Even that advantage, however, is questionable because most people will never realize they have a deformed washer until they remove it from the knife. As for stability, what variety are you referring to? Mechanically speaking, yes, phospher bronze will deform less easily than Nylatron. However, what is the practical difference? You mention disassembly and reassembly - this is a valid point, however in my experience the same lack of knowledge that might cause an amateur to "wedge" his washer in a way that causes deformation could easily do the same to a PB washer - he simply has to apply more force. Moreover, a deformed Nylatron washer is still perfectly serviceable as a washer, whereas a PB washer would probably need some minor repair (filing down of a "lip," etc.). Another concern might be that a Nylatron washer would deform under excessive pressure from the pivot screw. Living in NYC, I have tightened all my knives to a ridiculous degree. Not one of my Nylatron washers (generally in Benchmade knives) has shown any sign of deformation. As for chemical stability, PB, like all metals, can and does corrode. Not much, and generally not enough to be worth considering, but it does, and it's something that I'm more aware of than strength. Nylatron does not corrode, period. Lubricity is also an issue for me - I hate web lubricants because they attract dust. PB has high lubricity, but that is a feature of the sintering process that creates the metal and allows it to be impregnated with lubricant, not an inherent feature of the material itself, as is the case with Nylatron.
Ultimate strength, in my opinion, is only of importance if prying is something you do frequently. Nylatron has no trouble recovering from lateral forces that it would encounter during normal or heavy usage appropriate to a knife. However, PB would certainly outclass it in deformation resistance if heavy prying was done. However, in that case, I would be more concerned about the threads of the pivot screw and the handle material around the pivot than I would be about the washers.
Good point about the higher-end manufacturers using it in their pieces - however, I would imagine that the public outcry for PB washers on forums like this one had some sizable influence on that decision. CRK always did it - the bushing system in the Sebenza deals with different forces than the simple washer-tang-washer system in the production knives, so it makes sense for them. For the other companies, I'm inclined to believe it's more of a PR move than an actual, measurable upgrade in performance. Like I said, I have nothing against phospher bronze and would certainly take it over a number of candidate materials. It's just that Nylatron, in my opinion, is superior as a material for washers.
(*Whew* was that long enough for you?)