"Complete misrepresentation" of philosophers (and, well, everything else) is probably to be expected with Peikoff around. He has made his bones on Objectivism being a closed system, the incentives he's got necessitate doing a lot of rearranging of reality when he's doing his preaching. And "preaching" is chosen specifically; he is a megachurcher with a different bible.
I have no use for David Kelley, like I have no professional, personal, moral or ethical use for any Objectivist (if I dropped my wallet around an Objectivist I'd have to think about kicking one home before I bent down to get it, just to be safe), but that Peikoff tried to tell him and his adherents to leave the "Objectivist Movement" because they didn't think philosophy started and stopped with Ayn Rand, because they didn't think that you have to "revere" [Peikoff's word] Rand, because they didn't think it was impossible to consider as potentially valid or edifying other systems (be they Marxism or libertarianism) that had the temerity to not put Ayn Rand on an altar...well, it's telling.