I ran across an article over at Noetic Sciences that talks in detail about how "energy psychology" is now being accepted by the "mainstream" psychology circles.
Anytime something starts being accepted by the mainstream psych circles, you can bet your butt there's something to it. For example, hypnosis & hypnotherapy and now energy healing & energy medicine, which they're also taking to include bits of EFT (emotional freedom technique-tapping acupressure points), as well as clearing blockages in chakras.
But don't take my word for it, take a look a the article. :)