Good ol' Walt!
My favorite parts of his "theory" are:
1) Asteroids would of necessity have chemical and isotopic compositions like Earth's crust - and they don't.
2) Asteroids launched from the cannon of the midocean ridges would all be on earth-intersecting orbits - all of them don't seem likely to have gotton promoted to new orbits on the first time around. Noah would have needed to dodge a lot.
3) Launched by superheated steam.....how did that cool before falling back to earth, again? Radiation into a vacuum, with no heat directed arkwards?