Re: temporal resolution

Even if neuronal activity is (obviously) faster, the (assumed) neuro-vascular coupling is slower. Typically there are several seconds till you get a BOLD response after a stimulus or task, and this has nothing to do with fMRI sampling rate (fNIRS can have much faster sampling rate, but the BOLD response it measures is equally slow, too). Think of it as that neuronal spiking happens in a range of up to some hundred milliseconds and the body changing the blood flow happens much slower than that.

The issue is that measuring the BOLD response, even in best case scenario, is a very very indirect measure of neuronal activity. This is typically lost when people referring to fMRI studies as discovering "mental representations" in the brain and other non-sense, but here we are. Criticising the validity of the BOLD response itself, though, is certainly interesting.