The fact that he only lists the formal article as a reference instead of the announcement, video, and accessible blog post by Po-Shen Loh really baffles me.
The original "disclosure" by Po-Shen Loh [0] is much less sensational and gives some context for his work (teaching middle school students). In the formal article, he is also stating that the method is very likely not __new__, but that he wants to popularize it in teaching.
I think, as many other commenters pointed out, that there is no great breakthrough here. However "his" method may have the advantage of training the intuition of young students, by helping them understand the concepts of average and "deviation" (I'm not really sure how to call it in that case), and maybe visualizing them.