I've heard of it, even read little snippets of it, and I realized from the get-go that it was pretty crappy. In fact, I don't even think that it's a 'translation', per se, but that it's actually more of a paraphrase from another translation. Don't quote me on that one, though.
Regardless, I think that professor needs a good talking-to by the head of the Religion Department at whatever school you're attending, especially if there's more people riled up than just Christians. I say 'just' because people that like usually expect us to be angry at them for doing stuff like that.
Well, that's my $0.02, for what it's worth.