There are field trials and pre-prod switch/route chips and optical/DWDM gear that support 400G Ethernet using 56Gbps SerDes. This chip uses older 12.5Gbps SerDes, current-gen 100Gbps stuff uses 28Gbps SerDes.
Unless you are pushing google/facebook/Comcast level traffic - there are very few use cases. Apparently, Google/Facebook uses their own network hardware.
As a result it's actually fairly common to find new DC fabrics (read: inter-switch connections, not end hosts) being built with 100G because there's no significant economic disadvantage to doing so. That said, the pricing for inter-site 100G is still high enough that it hasn't commonly made its way to smaller organizations.
I think you're having the same conceptual issue that I had when first reading it.
The 400G in the article title is referring to the bandwidth of the chip, not the bandwidth of any particular port.
The ports, as mentioned elsewhere here, were probably either 10G or perhaps 40G.
For anything over 100G (currently) you're making some sacrifices on distance and may even need some guard bands.
(Short-haul/intra-DC may well be a different story but I doubt that it's very different.)