I’m a quantum dabbler so I’ll throw out an armchair reaction: this is a significant announcement. My memory is that 256 bit keys in non quantum resistant algos need something like 2500 qubits or so; and by that I mean generally useful programmable qubits. To show a bit over 100 qubits with stability, meaning the information survives a while, long enough to be read, and general enough to run some benchmarks on is some…
That level of embarrassment is frankly difficult to face. And it would be devastating to the self-image of a bunch of “practical” security gurus.
Therefore any progress must be an illusion. In the real world, the threats are predictable and mistakes don’t slowly snowball into a crisis. See also, infrastructure.