It seems to me that 'crackpot' is a bit strong. Even if one thinks Wolfram's foundations of physics project will never bare useful fruit, it's undeniable that he has made progress in other fields that are of interest to many people.
A simple case in point: the study of logic has been a interesting human endeavor for thousands of years, since at least the time of the Greek and Vedic schools. After thousands of years of study, a major breakthrough was made with the first formalization of propositional logic (as Boolean algebra) by George Boole in 1854. Since then, there has been a search for the simplest foundational formal axioms from which all of propositional logic could be derived. This project ended in 2000 with Wolfram's discovery of, and proof that, [1] is the shortest possible single axiom that can be used as a foundation for all of propositional logic.
A simple case in point: the study of logic has been a interesting human endeavor for thousands of years, since at least the time of the Greek and Vedic schools. After thousands of years of study, a major breakthrough was made with the first formalization of propositional logic (as Boolean algebra) by George Boole in 1854. Since then, there has been a search for the simplest foundational formal axioms from which all of propositional logic could be derived. This project ended in 2000 with Wolfram's discovery of, and proof that, [1] is the shortest possible single axiom that can be used as a foundation for all of propositional logic.
[1] ((a⁍b)⁍c)⁍(a⁍((a⁍c)⁍a)=c, where ⁍ is NAND