I think there's more to the whole fusion thing than you guys are saying. As I've said the US navy has been funding these projects for years, and historically speaking the US military only funds things for that long, IF they're showing promise. Take stealth for an example. They started working on that back in the late 50's, and by the late 70's early 80's, figured it out.
I think cold fusion is a long ways off, if it is possible to make a system with a net positive energy gain, but I know hot fusion is definitely possible. In fact I'd go so far as to say that the theory is sound, and now it's more a matter of engineering.
That's why I'm actually interested in the Polywell system, because it greatly reduces the complexity of a fusion reactor. My professor of thermodynamics at my university, actually was involved in the design work for the national ignition facility, and stated that the main thing holding fusion back was economics. Essentially the problem is that current schemes of both inertial confinement(lasers), and magnetic confinement(using tokamaks) are both extremely complicated, and ridiculously expensive. Fusion WILL work, as the universe has proven that already, it's just a matter of figuring out how to do it economically.
I think the polywell is probably the way it will happen. As it stands there are too many PhD's and stuff who've got their reputations staked on either ITER or the national ignition facility being the first to produce a successful net positive energy fusion reaction. These people who're entrenched will do what's necessary to discredit people who might actually have some good ideas. Once again, look at stealth. The mathematics of it was discovered by a russian, and published in russia. The paper was ignored over there, but picked up by scientists and engineers here in the USA. As we say the rest is history.