I would say that the study may add new evidence in support of long existing theory. The three wave theory, precisely in the format described in the write up here on slashdot, has been in first year university history textbooks for at least a decade, if not longer.
Here's a link to the emulator: http://sourceforge.net/projects/virtualt/
I was just thinking that the first one I ever saw (in real life, not in the radio shack catalog) belonged to a roommate who was a radio reporter. It was 1990, and there really was nothing that quite matched it even then. I was totally jealous. I couldn't find one and ended up buying a smith corona pwp-something or other... which you could haul around
.... but it was bigger than briefcase size and single-purpose.