Lookup tables for computable values are not novel, nor are they a joke. This actually is a solutions for the time/memory tradeoff, as author well knows. The problem at hand is absurd, but quite primitive, so there was absolutely no doubt this can be done. No real measurements were performed, apart from the observations that it took about 10 seconds to chew through 40GB program on his computer. So what did we learn? That exe files cannot be more than 4GB? That a program with 2^32 ifs is about 300 GB? Why 1198 people found this interesting?
Maybe I'm spoiled, but unlike "Hexing the technical interview" or some SIGBOVIK stuff, this doesn't seem crazy, just pointless.