The GCD algorithm here has the property that (I'm quoting section 1.4 here) "the number of operations is ... asymptotically n (log n)^(2+o(1))". That is not constant as n varies.
The nice properties they claim for their algorithm are:
1. The asymptotic running time is good. This is a complexity-theoretic claim. The asymptotic performance is of the same order as e.g. Schoenhage's earlier algorithm, so this isn't in itself any sort of breakthrough.
2. For fixed input size, the running time is constant. This is a cryptographic claim: it gives immunity to timing attacks. There have been earlier constant-time GCD and modular inverse algorithms, so again this on its own isn't any sort of breakthrough.
It isn't clear to me whether 1+2 is claimed to be new. I think it isn't: that is, there are other constant-time GCD algorithms with the same asymptotic growth of runtime.
3. The constant factors are good. This is a matter of the practicality of the algorithm. Here the authors are claiming to have done better than anyone before them.