I know here in the UK where "sidemount" was "invented", if you're diving sumps you're mainly clipping a cylinder or 2 to yourself, legging it through a sump and then carrying on walking to the other side, works well and was mentioned above... I guess that's actually side-slung, mainly for utility purposes.
The recent craze of sidemount (the Woody Jasper version) has been seen as a cash cow by training agencies and i do think they're taking it as a literal term, mounting tanks on the sides. With no emphasis placed on profile or trim or having a clean configuration, which saddens me
[video=youtube;biKSFMF3Vv4]http://www.youtube.com/watch?v=biKSFMF3Vv4[/video]
^ Sort of thing makes me cringe.
Devon there is a lot of "zero-to-hero" instructors in the UK, who i think just take it as face value and go from there. There are also quite a few good instructors trained by Steve Martin and Garry Dallas thankfully. I think as the hype around sidemount diving dies down, pursuing training in sidemount will be the same as any form of diving, do research and find the best instructors for the job.
On another note, i know a couple of people who self taught themselves sidemount, and they do a good job of it. Also with the amount of videos online from people such as Steve Bogaerts, Steve Martin, Lamar Hires, Brian Kakuk etc. as well as their websites, people can get a general idea of what "true" sidemount should look like.