I think you've probably all heard of the way in which some people are interpreting quantum physics to mean that we're all free to create our own reality? Or as our friends at Theosophy Watch put it: Does mind over matter? Weirdly enough - that's not at all a viable conclusion from the standpoint of quantum physics. There are definite limits to the freedom of an electron for instance.
I do think that there is some reason for taking seriously the idea that consciousness manifested the universe to begin with though. The tangled web of observer observing itself and thereby manifesting itself has a strange ring of truth for me. However I do think it has to take into account the possibilities of that moment of manifestation.