I agree with the article but the title on HN is terrible, and needs to be changed. The article says that talking with, and reading to, your kids improves their verbal skills and makes them able to better process information. Who could argue with that? My mom would read to me all the time when I was younger. She would read to me books she liked, classic scifi and such. I enjoyed them very much, even though they weren't written for kids. She would talk about the stories with me and explain some things I did not get. I think that helped quite a bit with my language skills. However, that's in noway negates the fact that some kids are simply smarter genetically then others. Paying attention to your kid and talking with them would greatly increase their abilities, but all kids aren't borne equal, and I don't think the article makes that argument, unlike the title. It should be changed to "Talking to kids greatly increases their cognitive abilities."
I think having kids be exposed to several other languages as soon as they are borne, and reading to them books you personally like and find interesting helps them immensely (obviously filter out explicit content, old classics are usually good). It's also important not to dumb things down for kids. Basically Teletubbies = bad, family friendly comedy in a foreign language = good.
In a side note I also find it infuriating how economists always make an argument that women should go back into the workforce after having kids, because its good for the family and for the economy. But what about the kid. I don't want to single out women, but I think either the mother or the father should take at least 5 years off, after the birth of their child, to raise their child, instead of hiring a nanny. I understand that it's not fair to always ask the women to do it, but some one in the family should. It's not always an option, but more often then not its the children of the wealthy that you see being raised by nannies. Ok, that's getting off topic.