I don't know about Purdue, but here's a Penn State report on the subject:
http://resources.cas.psu.edu/WaterResources/pdfs/magnetic.pdf
Some people think you can sharpen razor blades by putting them in pyramid, too. As they say, "A fool and his money are soon parted."
Here's a great way to save money. Instead of installing Easy Water, just wrap an iRenew bracelet around the pipe. It does the same thing.
I don't put much faith in long, illiterate rants, especially when typed in all caps.