Although the Glycemic index does not give the answers to everything, it provides some important information when making food choices. The others such as insulin index, glycemic load and satiety index also have their drawbacks.
I think it would be naive to completely dismiss such a large body of research as useless when all of this information could be integrated, and I'll give you an example.
A white potato has a relatively high Glycemic Index and Insulin Index, however, it was also found on one study to have the highest satiety index (of 323).
Satiety Index
What can we obtain from all this? We know that to reduce the glycemic load we can add in a fat source. To reduce the insulin index, it may be beneficial to add in fat from a relatively unsaturated source.
Piecing this information together (and the PUFA/MUFA study posted above)- you might choose to have baked potato and salmon (high in PUFA and a of course a source of protein) - this takes advantage of the feeling of fullness given by the white potatoes, and the reduction in GI and II to maintain stable sugar levels and keep insulin release in check.
Nothing ticks me off more than people who simple and even close-mindedly dismiss huge slabs of research simply because there are certain aspects which they do not agree with or find useful without thinking how it could be used IN CONJUNCTION with other pieces of information.. you realise that IS possible? Sure, the GI has received a lot of attention and exposure, and emphasis upon it by the media/industry etc may have been a bit more than it deserves.
But please, the blanket statement of the GI - useless? I think not.