I find this whole discussion to be very confusing because without defining imprecise language, I don't know what prople are trying to say.
It seems like some people are defining "overexposure" as metering at an EI below box speed, and "underexposure" is defined as metering at above box speed. These definitions depend on the assumption that metering at box speed gives the "correct exposure," which may or may not be true. And it ignores the fact that the box ISO speed was determined using a specific set of developing parameters. If you use a different developer, processing time, or agitation scheme, then the "correct exposure" is no longer correct.
In my mind, the definitions of under and overexposure should be determined by the final results. Practically speaking, I would define an underexposed negative as one which lacks adequate shadow detail, and a correctly exposed negative as one which has adequate shadow detail. Intoducing the word "adequate" means the definition is subjective -- as it should be. They are your negatives so they should be correctly exposed for your purposes.
The definition of overexposed negatives is a little more difficult. Unlike slide film where overexposure is easily defined as lack of highlight detail, I think it is possible to have negatives which are overexposed, but which still have
some highlight detail. Overexposed negatives will be "too dense," but without a densitometer how do we define "too dense"? I think darkroom printers and the people who scan their negatives may heve different definitions of overexposure?
So
@Autonerd, to answer your original question, yes, I think you are a little bit out in left field because your rant does not mention shadow detail, which I think should a part of any discussion about metering.
I am delighted that others have already addressed your use of the words, "right" and "wrong" (mostly "wrong"), so I don't have to. Those words are much harder to define than under and over exposure, and tend to convey a moral judgement, so should probably be avoided.