Dear Urs,
thanks for your response. Yes, the absence of fermions might be unpleasant for bosonic string phenomenology, but it is not a sign of the inconsistency. The tachyon is more serious.
You are certainly not the first person who asks about the fate of the closed string tachyons. There have been several papers - less convincing than Sen’s treatment of open string tachyons - and the most convincing insight is about *twisted* tachyons by APS - Adams, Polchinski, Silverstein. The bulk closed string tachyons are harder to stabilize, and no solution has been universally accepted.
Your comment that the existence of the closed string tachyon signals instability of the whole 26D background is tautology. Yes, of course, this is what every tachyon does. The problem is that none knows what it decays to. Various people suggested e.g. lower-dimensional theories with linear dilaton. The bosonic string might decay by losing the dimensions, until you get into 2 dimensions where the “tachyon” is really massless and does not imply any further instability. Others proposed that the bosonic string spacetime might spontaneously create 10-dimensional “brane” worldvolumes described by superstring theory, and so on.
Yes, I know what you’re getting at, and I have considered identical ideas in the past - including the precise topological gauge bundle that can reduce the dimension. Even though it is very far from the full convincing solution, let me tell you about it.
The group E8 is known to have pi_3 nonzero - isomorphic to Z - this is why there are instantons in E8 - and the next nonzero homotopy is pi_15, which means that you can have nonzero
Tr(F /\ F /\ F /\ F /\ F /\ F /\ F /\ F)
There are eight copies of the field strength. Of course, pi_15 is exactly the right number to generate codimension 16 solutions. If you start with a E8 gauge theory in 26 dimensions, you can get 10-dimensional worldvolumes localized at the core of the generalized instanton with the nontrivial trace of F to eighth power. E8 in bosonic string theory or bosonic M-theory is not terribly natural, but the number 16 seems attractive in this way.
If you get further with these ideas, let me know… ;-) Good luck.
All the best
Lubos