Why do smart people love to debate the most implausible
nonsense? Time travel through singularities anyone?
As for nonsense, ok I'll retract that, it is an interesting but highly implausible topic that gets a large amount of discussion relative to it's likelihood. It's actually just another way of phrasing "Does God exist?" If there was a computer (God) simulating this universe and controlling it, then it'd require a host universe for itself to exist, and it's complexity has to be greater than what it is simulating. Therefore it is less likely, and not by an insignificant amount.