It's not bad work but it looks like The Register has hyped it much too far. Breakdown:
* OSX (but not iOS) apps can delete (but not read) arbitrary Keychain entries and create new ones for arbitrary applications. The creator controls the ACL. A malicious app could delete another app's Keychain entry, recreate it with itself added to the ACL, and wait for the victim app to repopulate it.
* A malicious OSX (but not iOS) application can contain helpers registered to the bundle IDs of other applications. The app installer will add those helpers to the ACLs of those other applications (but not to the ACLs of any Apple application).
* A malicious OSX (but not iOS) application can subvert Safari extensions by installing itself and camping out on a Websockets port relied on by the extension.
* A malicious iOS application can register itself as the URL handler for a URL scheme used by another application and intercept its messages.
The headline news would have to be about iOS, because even though OSX does have a sandbox now, it's still not the expectation of anyone serious about security that the platform is airtight against malware. Compared to other things malware can likely do on OSX, these seem pretty benign. The Keychain and BID things are certainly bugs, but I can see why they aren't hair-on-fire priorities.
Unfortunately, the iOS URL thing is I think extraordinarily well-known, because for many years URL schemes were practically the only interesting thing security consultants could assess about iOS apps, so limited were the IPC capabilities on the platform. There are surely plenty of apps that use URLs insecurely in the manner described by this paper, but it's a little unfair to suggest that this is a new platform weakness.