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Dear Felix,
Thank you for your reply. I suspect that in the p-adic approach, simple problems like harmonic oscillator, or hydrogen atom have solutions which differ from standard QM. I can see how when p goes to infinity the usual results are obtained, but in that limit you are effectivey doing complex QM, In this sense, this approach is not different than say a dimensional regularization approach, but the problem still remains of proving that the infinities go away nicely. What I am saying is that this seems to be a case of having the cake and eating too: on one hand the lack of infinities collides with simple results, on the other hand, taking the limit recoveres the standard case but you don't want to reach the limit. I see thus as no different than arbitrarily truncating the Taylor series in the quantum gravity case; in other words it is an attempt of having a regularization technique, but with no proof of renormalizability.
It is clear that for quantum gravity something has to give. String theory is one way. Noncommutative geometry is another. p-adic and Galois approaches to QM seem to be an unnecessarily radical departure from the standard approach compared with those two approaches. Also an unproven approach as I don't see any serious renormalization results in the literature (for only a few days of reading the references on the archive), but I could be mistaken about that.