I guess he isn't really speaking about photographers who have been use Leicas (does he use the name?) since the 1970s, but about young people who buy mechanical cameras older than themselves as fashion items, because they're "hip" and "retro". You can't really deny that at the moment there is a subculture where mechanical cameras are items of conspicuous consumption. And I'm convinced that there's a fair number of Leica users who
do give a toss about being 'cool'.
Or if not 'cool', then at least 'authentic', because that's cool, too, at least at the moment. Authenticity has been a lifestyle trend for the last five to ten years. It doesn't concern only cameras. For example, in Germany
this telephone is available for
239 EUR new. I have a friend who collects and refurbishes old telephones, and I've been a witness several times that people under 30 came in and told him what 'cool' telephones he had.
So, Leicas or Ebino's "cheap crappy unreliable classic cameras" (are you talking about the same?) are cases of 'cool' with the right audience. Even if you're not part of them, and even if he's overgeneralizing, these people definitely exist. I'm pretty sure there are some here at RFF, and maybe even at Arles.