Solomonoff Induction is just about prediction. It models a forecasting agent that observes a stream, and emits probabilities of the next symbol. It doesn't do anything else. Complaining that it can't create its own experiments seems rather futile. Of course it can't - it is a forecaster. Real agents do more than just forecast, of course, but that isn't a criticism for forecasting, or the idea of a forecaster.
I have just rediscovered an article by Max Albert on my hard drive which I never got around to reading that might interest others on Less Wrong. You can find the article here. It is an argument against Bayesianism and for Critical Rationalism (of Karl Popper fame).
Abstract:
Any thoughts?