Kremlinologist?!

Either the BBC site has fallen prey to the President Bush disease of making up stupid words, or I’m making a fool of myself by pointing this out.

Becoming prime minister was one of many possible scenarios put forward by Kremlinologists in the absence of solid information.

Putin moves to extend political life

Since when is ‘Kremlinologist’ an acceptable use of English? And is it me, or is there something wrong with the sentence I quoted anyway?