Please try to be at least a little bit skeptical when a handful of naysayers claim that an entire field's worth of very smart people are all spending their careers on pointless work. Those naysayers could be right, obviously! (Even as experts we have to recognize the possibility, and to the many laymen looking on from outside it's even harder to judge.)
But if you read Peter Woit's dismissive rants and accept them as gospel truth, just remember that in doing that you're choosing to believe that hundreds (thousands?) of dedicated, passionate, deeply knowledgeable physicists are either painfully deluded or deliberately running some sort of collective scam. You're choosing to believe that either none of us have bothered to read Woit's objections or that we've all failed to accept them even though they're right.
I'm not sure what our motivation for that is supposed to be. I promise you: people who go into fundamental physics aren't in it because it's an easy road to a steady paycheck! We do this because we're driven to understand the building blocks of the universe. If I were to become convinced that my current approach to trying to understand the universe was fundamentally a dead end, I'd be wasting my life if I continued to study it! I'd be throwing away everything I've trained for, everything in science that I care about. And I have no idea what Woit thinks I'm getting in return.
So your call. Either Woit's right and we're all knowingly wasting our lives, or the situation isn't as cut and dried as Woit claims it is.