False information - no. Outdated information - why not? What you've described in this comment doesn't solve it. If I signed that the name N points at hash H1 yesterday, and then signed that the name N points at hash H2 today, why can a malicious node not simply keep telling people asking for N that it points at H1?
Do IPNS signatures expire in a similar way to DNSSEC signatures? (Some poking around github says "maybe".) If so, does the owner of the IPNS name have to regularly connect to the network to refresh them? This would suggest that IPNS records can very easily disappear with no way to reinstate them, even if other nodes are keeping the data they point to up. Is this documented somewhere? Can I set a much shorter expiration time (e.g. 5 minutes for quickly-updating information)?