Well, I think that the "indexing" function, namely categorizing torrents based on type ad quality, can (in theory) be seperated from the actual hosting of the torrents and the tracker. I still don't understand how the decentralized tracker thing will work, but in any case it should be possible via some sort of search engine (such as isohunt.com).
What I'm skeptical about is the unknown company financing this, and the fact that the article mentions adware. BT was good because it embraced the spirit of file sharing, aside from being a great protocol. But with only a single company retaining power, I wonder what will happen. I would have prefer it to be
a) open source,
b) free of adware (we'll see what happens, Slashdot might be wrong)
The fact that sloncek in getting paid perhaps points to the fact that suprnova was shut down not because of MPAA pressure, but due to them getting a better offer. I dunno, maybe, I have no proof one way or another.