Does it count as pseudo or proto-science?
As a theoretical physicist (or student thereof), I'm a bit shocked and saddened to see such a question! Clearly some things need to be clarified here.
Are such ideas like string theory or multiverses just ambitious hypotheses?
As far as I know string theory doesn't deserve the title "theory" since there is not enough evidence. The strings haven't been observed or supported at all. I know they hope to support it with particle acceleration.
It seems there is a fine line between supernatural and the belief in something outside of our universe.
I will classify the notion that the universe is conscious because electrons or photons behave differently when observed, to be pseudo-science. The idea that we are connected through quantum consciousness and can read each other's minds, as suggested by What the Bleep Do We Know? is a supernatural concept.
But how do we classify the notion that there are extra-dimensions or other universes?
There seems to be a strong association between theoretical physics and string theory. This probably comes from a lot of the media attention garnered by this particular branch of theoretical physics. It is, however, far from the only part of theoretical phyiscs, but let me start with some basics.
Theoretical physics is the part of physics that deals with developing and improving models of the physical reality. It has primarily two functions: develop models to explain that which has been observed, and to expand on these models in a consistent and falsifiable manner so that they may one day be tested by experiments. Loosely speaking.
It should already be clear to the observant reader that theoretical physics pretty much span the entire spectrum of physics. Let me give you some examples of what kind of research theoretical physicists are involved with. All these are from Oxford University's current research areas in theoretical physics. Note that some areas spill over into chemistry and biology.
* Theoretical Astrophysics
- Stars
- Stellar atmospheres
- The Galaxy
- Galaxies
- CMB
- Astroparticles
* Nuclear structure theory
- Collective motion and clustering in nuclei
- Decay theory
- Inverse problems
* Elementary particle physics
- Quantum Field Theory
- Two-dimensional Field Theory
- Conformal Field Theory and Quantum Gravity
- String/M-Theory
- Lattice Field Theory
- Phenomenology of EW and Strong Interactions
- Physics beyond the Standard Model
- Particle astrophysics and cosmology
* Condensed matter
- Statics and dynamics of structure and phase transitions in surfaces
- Quantum entangled and disordered systems, aspects of noise in biological systems
- Coherence, correlations and disorder in quantum and classical systems
- Low-dimensional strongly correlated quantum systems
- Strongly correlated systems: Kondo physics versus internal degrees of freedom
- Constraints, correlations and topology in condensed matter and statistical physics
- Statistical (and some quantum) physics of complex systems
- Driven quantum systems and low dimensional strongly correlated quantum systems
- Soft and Biological Matter
As one can clearly see, string theory (or M-theory for those who prefer that) is in no way the sole or dominant area of theoretical physics. This should also (hopefully) clarify any misconceptions people might have that theoretical physics is some sort of fringe branch of physics with pseudo-scientific tendencies. Also, the above list is not necessarily complete, by no means!
I would also like to quote Cuddles who made an important point:
Seriously though, it depends on your usage of "theory". A lot is made, especially on this forum, about the exact meaning of "theory" and "hypothesis". However, this is not the only meaning of "theory". It is also used to distinguish between "theoretical" and "practical". The "theoretical" in theoretical physics does not refer to theory as in "a hypothesis supported by evidence", it simply means that it is not experimental work.
This is also a widely used meaning of "theoretical" that should be noted.
Finally I thought I ought to mention something about theoretical vs. mathematical physics. Yes, theoretical physics can, and often do, involve a great deal of mathematics. It is not, however, exclusively a series of mathematical exercises. So even though mathematics is the primary tool of the theoretical physicist, it is not the exclusive one.