Yes, you are correct.
Some people are holding out hope that karma is going to be the holy grail of finally getting the gankers removed from the game, while others are convinced that not only will a karma system fail to accomplish that goal, it will also function as a poorly thought out, unwieldy monstrosity of a mechanic that will make PP look like stellar gameplay before being abandoned after making all parties thoroughly unhappy.
A c&p system done thoughtfully will be a plus for everybody; a punitive karma system will just be a fumbling, awful mess that's bound to give the game a black eye.
The only word appropriate to describe this post is: Hysteria. The entire sentiment is unfounded, and without basis. Scare tactics based on nothing but buzz words.