Your concerns are valid points. May I offer an example of a solution that has been incorporated into nearly every portable 2.5" external computer hard drive? Such units typically employ a rubber o-ring type band that separates the drive itself from the attachment points inside the case. Those HDD's typically claim being able to withstand shock forces measured in the hundreds of G's, and yet contain very delicate components, much as the iPhone would.
In order to overcome the drawbacks of having to machine LQMT parts, a threaded insert could be attached to the mounting points inside the iPhone case. Even plastic notebook computer cases employ such methods, although for perhaps the opposite reason that LQMT would - the plastic is too weak to thread directly. But the inserts could be adhered to the LQMT case with a number of methods.
As for the case breaking into shards if dropped on the garage floor, I don't necessarily believe that would be likely with LQMT. The previous poster's example was placing an older LQMT formulation into a vice to achieve mechanical failure - much different than dropping a few feet onto concrete. I don't think that we would be seeing patents from the iPhone / iPod kids at Apple for BMG / LQMT manufacturing methods if the technology were so fragile. As for specific engineering numbers to back my speculation, I must leave that to someone more versed than I.
I think your concerns are valid, but perhaps you could speak with Dennis Ogawa at LQMT before you decide to avoid investing in LQMT for the reasons that you stated. Now, other concerns like customers, sales, revenue, etc. that is another matter entirely. One which I believe will be resolved sometime this year. Time will tell. Cheers,
Keith