Ask HN: Has anyone heard of this 'ASBE Algorithm' before?

I was directed to http://www.merlincryption.com/ASBE.html. I had never heard of this. After reading what they're selling, flags went up everywhere. So I decided to do a little research on the topic.

I googled it, and I found this: http://premsobel.info/stat_asbe.html (it seems to be his website). In which he claims it isn't peer reviewed (and the little that has been done is classified). And he also claims that governments should want obscurity over security.