I saw the live press release on nasa.tv (highly recommended). The principle scientists involved recognized the parachute failure, but emphasized that this is unknown territory, and the mission objectives -- which were to make an attempt and gather as much data as possible about that attempt -- were fully realized.
Yes, the parachute failed. The vehicle was going something like Mach 2 at the time, having successfully aerobraked from Mach 4.7. They got excellent video of the entire process, and only four days (or something like that) after the mission, already had revisions on the parachute in mind to prevent such failure.
This was the first of THREE planned tests. Was the mission successful this time? Absolutely not, if you expected to have a first time test succeed. But if you were looking to gather data on potential failure mechanisms, it was an overwhelming success.
And, it should be noted, the deceleration inflatable ring (which has some kitchy acronym) worked very well, and importantly, they got good data on the design and how much it deviated from perfection (1/8 of an inch deflection at Mach 4.7 ... I dare anyone to do that with rigid materials, let alone inflatables). And the blute (the droge which pulls out the main parachute) worked entirely as intended. The downside? The shape of the parachute apparently needs to be more rounded.
They are exploring entirely new territory. Who here really, really, thinks that every such testing and development mission is going to be successful? Anyone? Raise your hands, I want to see, because NASA would love to hire engineers (hell, screw NASA, *I'd* hire engineers) who have that level of talent. They're called experimental missions because the outcome is not known.