The debate seems to be about the probability of the specific "AI in a basement goes foom" scenario. There are surely other existential risk scenarios which seem more Hansonian, e.g. firms gradually replacing all of their human capital with computers and robots until there are no humans left?
Hanson's arguments here don't apply to nation-states that start off with a large portion of world research resources and stronger ability to keep secrets, as we saw with nuclear weapons. He has a quite separate argument against that, which is that governments are too stupid to notice early brain emulation or AI technology and recognize that it is about to turn the world upside down.
Link: overcomingbias.com/2011/07/debating-yudkowsky.html