This could be good news if you're trying to get a press release or other news hosted from your site. Read this news release. I think the "duplicate detection" could also be of interest to us.
I don't get it, how is this different than the current Google News? If I do a search for a current news story, Google will usually put the story from the major news source as the top results and then show the different news agencies syndicating that content below it (but still within that same first result "box")