>So basically, don't call yourself an engineer unless you're willing to sign off on something, and be legally bound by it.
I'm sorry to say it (not really); but for a number of reasons, some good and some bad, the title has been co-opted, and there is no going back.
>This implies a strong background in problem solving and structured design processes
As far as that goes, I've met a number of pedigreed folks who can't engineer their way out of a wet paper bag.