This has explicit usage limitations that matter in science land, which is very much the kind of thing that belongs in a license.
Eg:
You are permitted to use the Program to validate scientific claims
submitted for peer review, under the condition that You keep
modifications to the Program confidential until those claims have
been published.
Moreover, sure, lots of the license is text that isn't common in legal documents, but there's no rule that says legal text can't be quirky, funny or superfluous. It's just most practical to keep it dry.
In this particular case, however, there's very little risk of actual law suits happening. There is some, but the real goal of the license is not to protect anyone's ass in court (except for the obvious "no warranty" part at the end), but to clearly communicate intent. Don't forget that this is something GPL and MIT also do besides their obvious "will likely stand up in court" qualities. In fact I think that communicating intent is the key goal of GPL and MIT, and also the key goal of CRAPL.
From this perspective, IMO the only problem in this license is
By reading this sentence, You have agreed to the terms and
conditions of this License.
This line makes me sad because it makes a mockery of what's otherwise a pretty decent piece of communication. Obviously nobody can agree to anything just by reading a sentence in it. It should say that by using the source code in any way, you must agree to the license.