"Key size is a red herring. People fetishize key size because it's the most identifiable number and our monkey brains just want to make that number as large as possible. But key size is a not a dial you can tune in any context, and good cryptography depends on algorithms, not key sizes. A well-designed algorithm explicitly defines the key sizes you can select because it limits how much users can shoot themselves in the foot. The number of bits is not important, it's the way in which the algorithm creates a ciphertext using that number. Theoretically, a proven secure algorithm using an encryption function with a single bit key size would be perfectly fine to use."
I think that would be interpreted more charitably :). Then again, that's typing a lot more.
Hey for anyone reading this, this is basically why companies that state they use "bank-grade" or "128 bit" encryption on their cool landing pages aren't really saying anything.