Well it wouldn’t be nothing, just not-even-wrong. Might be a field in the wrong university department, better suited for Metaphysics (perhaps a Metaphysical Mathematics) than Science.
Or perhaps Science needs its definitions changed.
It’s a good debate – and Jestin LeBaron I believe in the article they make some mention of the hypothesis idea; either in the article itself or if you scroll down to the comments below it.
It’s a good read. Very good comments section as well, although I only read a few so far.