tl;dr: Yes, that is intellectually dishonest, which is a huge problem. Scientists have two options: (1) accept parapsychology as real, or (2) accept that the "scientific method" (in social "sciences", at least) is insufficient. The problem seems to be that Bem (the author of the study) did almost everything "right", and if we increase the bar of scientific proof so that his study is excluded, so are many others...
The reason why parapsychology is excluded: the real world doesn't support it (noone is earning huge amounts of money on the stock market using psi). However, the real world often doesn't support very small effects (e.g. Einstein's relativity). Fortunately for physics, they can afford to make their scientific methods much more rigorous, so they can study large effects as well as exceptionally tiny effects. Social studies can't, for the time being.