Given that you can learn and use EFT yourself for free, I personally don't care if it works by placebo effect, as long as it helps with my issues. I'm not advocating wasting time and money on whatever new trend therapy comes up, but EFT is free (unless you pay a practitioner, of course) and can't harm you. Many SA sufferers here ask for alternative help because they can't afford either therapy or medication, so this can potentially help those people.
Think of it as acupressure, which was considered pseudoscience when it first became popular. Even meditation was scoffed at, and now it's being recommended by psychiatrists.
All that said, I support unbiased science. Maybe it works and we haven't discovered the mechanisms behind it yet? There's been a fairly recent discovery of Bonghan ducts, which may explain the physical/anatomical basis of meridian points, which EFT, acupressure, and acupuncture are based on. Bongham ducts are microscopic tubular structures that emit biophotons, a form of communication within the body.
"The possibility that DNA, biophotons, and Bonghan ducts might all be involved with healing opens up intriguing channnels of inquiry. Whereas Western research has focused primarily on the nervous system, there are many provocative studies that indicate that the body has multiple signaling systems, some much faster than the neural signal transmission. If healing signals do indeed travel through this system, we then have a physical model of how acupuncture, acupressure, EDS machines, and other meridian-based therapies work." (The genie in your genes, Dawson Church, pg. 137).
And from a study on anxiety:
"The efficacy of EFT in treating specific phobias demonstrated in several earlier studies is corroborated by the current investigation. Comparison studies between EFT and the most effective established therapies for treating specific phobias are recommended." http://www.eftuniverse.com/index.php...73&Itemid=2071