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I was just looking at the link, I have never heard of this movement before, I found it very curious.

Some of the reasoning, however, I do follow. I mentioned one "specific" to @gonzo. Another quite important one, I'll add here...

The King James is based on source material known as "Textus Receptus," which means "Received Text." Many of the "modern translations" are based on what is actually a few older manuscripts. Scholarship more recent than King James has compared and collated a huge collection of copies of the New Testament (~5000 copies) into what is called the "Majority Text Type." Turns out that "Textus Receptus," while not identical to the "Majority Text," is considerably closer to it that the few older manuscripts on which modern translations are based.

There are of course arguments on both sides. I favor the following: The reason there are a few "older manuscripts" that have been preserved to the present day is that they were intentionally not used because they were know in their time to be corrupt, not accurate or deliberately modified. The "Majority Text" type however, exists in such a large quantity (although not quite as old) because it was recognized as legitimate and accurate.

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