Not absurd. But I agree, there has been enough hooey about this that, yes, I hope to heaven some real non-biased scientists show some real experiment that actually stands up to review, unlike every so called "experiment" i've seen on iPhone 4. Every single one of those videos is from a different location with variables that we can't even begin to speculate about (video was made in a concrete and lead bunker... etc.... Who knows?)
I don't really see why their signal strength at their location has anything to do with the validity of the test. They aren't testing which signal strengths the phenomenon occurs with. They are testing that it happens at all. If the signal strength their area is bathed in doesn't change from the beginning of the experiment to the end, then that is not a variable within that experiment. It is as constant as reasonably possible.
They have shown that for their phone, and their hand, without touching the phone they get a y reception with x signal strength and with touching the phone they get z reception with x signal strength. x is the same. Their reception changes. Thus, they just proved that touching their phone screws up their reception. The value of x is irrelevant as it stays the same and it's not the thing being measured.