Not only have I read most of Kaku’s popular books (though not his academic papers), I saw him lecture and met him afterwards.
My impression of Kaku is this. He’s a really smart guy, but he’s not in the top ten percent – meaning he’s never going to make any groundshaking scientific contributions. To his great frustration, he has clearly realized this over the years. He does the academic equivalent of blue-collar work in the formal sciences, but he knows he’ll never be a top name like Hawking or Weinberg or Thorne.
Unfortunately, he likes speculating about the strange fringes of his field. He knows he isn’t “good enough” (whatever that means) to legitimately advance the field in those areas, so he confines his outré speculation to writing for the popular audience. He’s really good at it, too; his Hyperspace is concise and clear in its summaries of the more abstruse aspects of superstring theory. Coincidentally enough, I picked it up to reread it just a couple of weeks ago, and I’m greatly enjoying it again.
I suspect he has found much more fulfillment in being a successful popularizer than failing to be a groundbreaking scientist, so in addition to his books, he has, more and more, offered himself as a technical expert on documentaries and such. I saw him turn up, unexpectedly, in a TLC program about high-speed transportation; he was talking about the physics behind bullet trains and hypersonic aircraft.
I wouldn’t go so far as to call him a kook. For example, at the lecture I attended, I made a point of sounding him out on some of the wackier interpretations of quantum physics by asking him what he thought of Fritjof Capra. His response was telling; in general, he said, Well, it’s kind of fun to think about, but it’s not really science, you know? So in other words, the impression I get is that he enjoys sending his intellect and imagination into some pretty strange places, but he’s not so foolish as to confuse entertaining speculation with legitimate science.
Anyway, that’s just the impression I get. Take it as you will.