I just got asked this but am not a theory man...so I come to you guys of UG!

This is what I got...

Right luke, theroy Question for you. Right, a powerchord is neither maj or Min due to it only consisting of 1st, 5th and the octive (dosent include the 3rd). Right, so is a suspended chord also neither maj or minor as you replace the 3rd with either the 2nd or 4th?

That is correct. Scales and chords are named major or minor because of the distant between the root and third of the whatever it is your trying to name. Major means four semitones, minor means three.
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Theory is descriptive, not prescriptive.

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theory states 1+1=2 sometimes in music 1+1=3.
suspended chords are usually played in conjunction with major chords. At least they sound good to my ear when i play them with their relative majors.
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