The article does not prove that subquadratic edit distance algorithms do not exist. It only proves it conditional to another unproven complexity hypothesis (SETH). In other words, it shows that if such algorithms exist, then faster algorithms exist for another problem (SAT for CNF formulae with certain size bounds), where we haven't been able to find them yet. See the original article http://arxiv.org/abs/1412.0348 whose title is more accurate.
This is important work, of course, and provides more evidence that faster edit distance computation is not possible, but it is not proven yet.