Old, and a rehash of prior arguments. Essentially a non-falsifiable assertion based on probabilistic argument where no probabilities are even given! It's like those "probably that God Exists = 50/50" arguments, that just assign equal probabilities to everything. Garbage In/Garbage Out.
There are also fundamental problems with calling a perfect simulation a simulation in the first place. If two things cannot be distinguished by any measurement in any way, and agree 100% in behavior, it is meaningless to conclude they are different.
I mean, Tipler makes similar arguments in the Omega Point, positing an infinity computing resource at the end of the universe that can simulate anything including all possible people who ever lived, or even all possible combinations of all possible people who ever lived. But Tipler goes further to suggest that any beings with sufficient magnitude of computing power wouldn't just simulate people in the time in which they existed, they'd simulate a virtual HEAVEN for them, because being post-human implies post-human ethics.
The Simulation argument is essentially making a Fermi Paradox argument. "If post-humans can exist, then they must already be here, and we are a simulation. If not, then post-humans can't exist..."
I also find it rather ludicrous that post-humans would build technology capable of simulating post-human minds (that is, after all, what a post-human *IS*) but rather than run post-human consciousnesses in these computers, in post-human environments, they'd spend it simulating regular human minds in a regular human world, in a kind of "human theme park" ala the movie "The 13th floor"
This makes the assumption that post-humans would be enamored and fascinated with "humans", and want to play around in their world. But why then does our particular simulation run for so long? And where are the post-humans in it? Surely, some of them would like to "play god" and fsck around doing amazing stuff! And why would they leave it running (apparently) for so long if they're not here. Oh, I know, there are millions of simulated worlds, and we just happen to be living in one with a benevolent post-human overlord who never interferes and leaves us alone.
Ultimately, the simulation argument is an interesting philosophical thought experiment, but it is not more scientific than intelligent design, or philosophical calculations on the probability of God.