Even if this were a true statement, it's still the case that it might not be enough. There is a class of functions that are simply not learnable without some prerequisite knowledge. This is directly analogous to a one-time pad in crypto. It is entirely possible that the function 'language' is in this class of unlearnable functions. While it may be the case that certain varieties of intelligence are learnable tabula rasa from a powerful neural net, the surface form of human natural language (the part your recommending measuring) may simply not have enough information in it to decode the whole picture. It is entirely possible that you need to supply some of your own information as well to the picture, in a specific manner so as to act as a kind of decryption key. A record needs a record player, even if you can make similar sounds with cassettes and CDs.
And so, I'm willing to bet that you simply cannot, using raw, uninformed statistical techniques, predict what word a human would say next. You need to understand more of the underlying structure of humans first.
I will agree, however, that the success towards the Hutter Prize is a valuable demonstration of AI progress. Simply because I believe that maximal compression and the kind of intelligence I'm talking about are one and the same thing. You need to offload as much of the semantic weight of the corpus into the encryption algorithm as you can. That means building a very complex model of natural language. And if you accept the premise that this model is not simply learnable by observing the surface form, then that means building Strong AI