And the result that it's now false apparently doesn't imply NP!=EXPTIME either since it seems not strongly subexponential enough to offset the expansion in variables from reductions. See the other comments for a much better explanation.]
This means hard problems aren't as hard as we thought, and it's still possible P=NP. If it turns out to be true P=NP, we're a little closer to that. (I hope P!=NP!)
Every paper which assumes ETH is true might now have their conclusions be disproven.
strong exponential time hypothesis, and the titular exponential time hypothesis
It's not saying that these problems are easy, but it does demonstrate that they are much easier than previously believed. A decade ago if a human had published this kind of thing, and importantly if it held up, they would be almost certainly a strong candidate for some sort of award(s).
Still, an impressive accomplishment.