The Integrated Information Theory (IIT) is one of the dominant scientific theories of consciousness. However, its foundations, mathematical formalism, and predictions on the neural correlates of consciousness are widely criticized in the last few years. A letter, signed by 124 neuroscientists, psychologists, and philosophers, argues that the theory is speculative and untestable to the degree that makes it pseudoscience. Their main concern is its panpsychist flavor. I argue that IIT 4.0’s account of free will is dualist rather than panpsychist. These features are not, however, specific for IIT exclusively. While being metaphysically hostile, panpsychism and dualism are inherent to many theories of consciousness (ToCs) because the former seems to be the most elegant answer to how to seamlessly integrate consciousness into the fabric of physical reality, whereas the latter proposes a straightforward solution to the free will problem. I also argue that a complete theory of consciousness must be inspired by the evolutionary theory of life, yet not being prone to conflate biological free will with the psychological sense of agency.