"Ill-posed" here means that the formalisms we've chosen to represent "efficient" and "efficiently verifiable" algorithms could turn out to not correspond to anything humans would consider meaningful ("we posed the problem poorly"). For most people, a solution to an NP-complete problem that's barely-subexponential would be clear evidence of these formalisms being ill-posed.
There are many ways it might turn out to be ill-posed, this is just one of them. Impagliazzo's "5 worlds" survey is in some sense a catalog of some of these ways, and includes some of the ways you seem to be referencing (approxmations, probabilistic techniques, average-case efficiency; depending what you mean this could lie in the "Heuristica" world).
There are many ways it might turn out to be ill-posed, this is just one of them. Impagliazzo's "5 worlds" survey is in some sense a catalog of some of these ways, and includes some of the ways you seem to be referencing (approxmations, probabilistic techniques, average-case efficiency; depending what you mean this could lie in the "Heuristica" world).