Now, I don't like that they use javascript to break your copy-paste functionality. It's unexpected and unrequested, so we are annoyed and confused by it. I wouldn't use Tynt.
Still, it's worth remembering that citations are a good thing. How many times have we on HN lambasted a site for not including proper attribute to copy and pasted text? How many times have we complained when someone pasted a quote or data in a comment here with no citation?
As unsavory and anti-usability as it is, I can understand the motivations behind Techcrunch and NYT. They're tired of their material being spread around without the courtesy of a backlink, and hope that by making it easier to cite than not to cite, they can encourage links.
In an ideal world, I can imagine that copy-paste would include metadata in some less obtrusive and more user-dictated manner. Tynt isn't doing it right, but attribution and links are a good thing to encourage.