This stuff may be good for the planet. It may be good tasting, or, failing that, good enough tasting that it's ethically groovy.
But it's made out of bugs. Bugs.
Whenever I see stuff like this, no matter how apparently well-intentioned it may be, I think of Robt. Anton Wilson's The Universe Next Door. Specifically, the parts involving the People's Ecology Party and its founder, Furbish Lousewart V (author of the monumental best-seller, Unsafe Wherever You Go.)
Revolution of Lowered Expectations indeed.