Is IP practical?

I believe this article shows why IP laws are out of control and are a great hinderance to the advancement of mankind. Someone invents an actual physical product that is somewhat similar to a fictitious science fiction product. I wonder if Lucas will sue the producers of the first light speed space craft because the inventor uses the term hyperdrive to describe the motor used to achieve light speed.

http://www.cnn.com/2010/TECH/gaming.gadgets/07/06/light.saber.lucas/inde...

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