Sure, in IE6, even the PNGs weren't working properly, but, talking layout, IE7+ is mostly a question of 5-10 additional rules (on small scale websites) and IE8 actually works without any (mostly), save for a css3 features like border-radius, etc.
As for the design, having less visual effects and no rounded corners doesn't have to be a problem – most of the designs work without it rather well (not to mention 4ormat's design doesn't use plasticity, gradients and shadows that much)
This article would gain much more credibility if it mentioned at least one or two technological obstacles that take you more than 30 minutes to sort out.