1. I'm surprised that Welsh argues that tenured CS profs still have to follow what publication venues want to see. Why not just say, "Fuck it?", publish on blogs / arvix.com/, and let the field catch up to them? Certainly that's not a route to immediate promotions or status within the field, but there may be strong long-term returns to individuals who go this way and are vindicated over time.
(This obviously doesn't apply to non-tenured faculty or grad students. I'll also note that this point is a related observation, not a criticism of his argument.)
2. This stands out to me:
The final (and arguably most important) aspect of being successful as a faculty member is being able to solve new problems better than anyone else in your area. It is not usually enough to simply do a better job solving the same problem as someone else -- you need to have a new idea, a new spin, a new approach -- or work on a different problem.
Genuinely new ideas are actually quite rare. Sometimes the difference between a "new" idea and someone else's discovery or implementation of that idea can be just a couple months difference! (See Steven Berlin Johnson's Where Good Ideas Come From for one popular description of this.) Yet one person or group gets 99% of the credit / tenure / etc.