You're right that Toyota's stance on this issue raises a big question about the viability of hydrogen.
On the other hand, the fact that Toyota has such a long and successful history with alternative powertrains, and they still are not selling a hydrogen car makes me think it really doesn't work. If they of all companies haven't done it yet, what chance is there?
To me, the only argument you need is the infrastructure argument. I can go out and buy an electric car today and charge it in my garage and drive it all over the place without having any trouble finding places to charge. In the world of hydrogen, I can probably still count the number of filling stations on this continent on my fingers and toes, and that's not going to change any time soon.