The potentially bogus credentials are disturbing, but I'm not ready to jump on this ship yet. IMHO, this article is poorly written, and reveals how little the author knows about the subject matter. For instance:

"What websites costs $18 million? And that's with no warrantee.

The incredibly popular Digg.com, one of the most advanced news gathering sites in the world was initially coded from scratch for between $1200-2500 according to one of its founders."

This is a ridiculous comparison. We've already discussed this on Hacker News ad nauseam.

Let's wait for more information before jumping to any conclusions.