I don't do formal Bayes or Kolmogorov on a daily basis; in particle physics Bayes usually appears in deriving confidence limits. Still, I'm reasonably familiar with the formalism. As for string theory, my jest in the OP is quite accurate: I dunno nuffin'. I do have some friends who do string-theoretical calculations, but I've never been able to shake out an answer to the question of what, exactly, they're calculating. My basic view of string theory has remained unchanged for several years: Come back when you have experimental predictions in an energy or luminosity range we'll actually reach in the next decade or two. Kthxbye.
The controversy is, I suppose, that there's a bunch of very excited theorists who have found all these problems they can sic their grad students on, problems which are hard enough to be interesting but still solvable in a few years of work; but they haven't found any way of making, y'know, actual predictions of what will happen in current or planned experiments if their theory is correct. So the question is, is this a waste of perfectly good brains that ought to be doing something useful? The answer seems to me to be a value judgement, so I don't think you can resolve it at a glance.
This is roughly what I can discern from outside academia in general (I'm 19 years old and at time of posting about to graduate the local equivalent of high-school).
In response to falenas108's "Ask an X" thread. I have a PhD in experimental particle physics; I'm currently working as a postdoc at the University of Cincinnati. Ask me anything, as the saying goes.
This is an experiment. There's nothing I like better than talking about what I do; but I usually find that even quite well-informed people don't know enough to ask questions sufficiently specific that I can answer any better than the next guy. What goes through most people's heads when they hear "particle physics" is, judging by experience, string theory. Well, I dunno nuffin' about string theory - at least not any more than the average layman who has read Brian Greene's book. (Admittedly, neither do string theorists.) I'm equally ignorant about quantum gravity, dark energy, quantum computing, and the Higgs boson - in other words, the big theory stuff that shows up in popular-science articles. For that sort of thing you want a theorist, and not just any theorist at that, but one who works specifically on that problem. On the other hand I'm reasonably well informed about production, decay, and mixing of the charm quark and charmed mesons, but who has heard of that? (Well, now you have.) I know a little about CP violation, a bit about detectors, something about reconstructing and simulating events, a fair amount about how we extract signal from background, and quite a lot about fitting distributions in multiple dimensions.