I read this essentially as saying that without an observer, time does not exist. Essentially, a "god-like" observer does not observe any change unless he or she becomes entangled in the universe he or she is observing. That universe, therefore, is without change, and therefore timeless. However, observers that are entangled within the universe (as we are), observe change and thus the universe (to them) has time.
This sounds a fair bit like some of the effects of relativity (on the train the shots appear simultaneous...on the ground they do not).
What is most intriguing to me, though, is that if the universe is both timeless (from the outside) and has time (from the inside), is it possible for us to gain the outside perspective (or any information about that timeless perspective). This shouldn't necessarily be impossible - we would need to not become entangled in the thing we are trying to observe (which we can easily do). Perhaps observing the surrounding universe would give unentangled information about the experiment in question, and thus give us a glimpse of the future?
