The tool is simpler than sed because it misses a lot of stuff that sed actually does.
That's what you and the people mocking this project have missed.
Well, there's also the old idea of "if you don't have anything nice to say, don't say it." Or the idea of constructive criticism. Or the idea of contributing useful patches to the project.
So yes, there is something you and the armchair experts missed: software doesn't exist in a vacuum, and the people behind the software might have some emotional investment in their work.
As for the original project author, it bears mentioning that if you can't handle ridicule, don't appear in public. Someone, somewhere, will find a reason to mock you. It might be your choice of language, your formatting style, your_use_of_long_variable_names, UseOfCamelCase, too much/too little abstraction of methods, the colour of your hair, your choice of footwear, too much/too little hair, or that your name isn't common.
Mocking people has never led to things getting better.