So basically Deno has its own bundler that lets you not have a local build step and it gets bundled dynamically per-route as requested by users, right? This is very different from industry standards and possibly has many new concerns from devs, none of which are addressed in the article since it's treating the system as a perfect solution, which makes sense since it's a marketing page ("content marketing"). If it was…
It sounds like (it is a little vague) there is no bundling at all, the only thing Deno does magically at request time is transpiling TypeScript/JSX to browser-compatible JS. Beyond that I think the idea is it relies on native ES module imports (and import-maps), both of which are browser standards
Which is another way to say it's a form of compilation..... [0]
[0]: https://en.wikipedia.org/wiki/Source-to-source_compiler