Scientifically, the issue here is that it has long been known that horseshoe crabs were CHELICERATES, but what was not known was which branch of chelicerates they were most closely allied to--whether they were actually part of the arachnid clade, or their own separate branch like sea spiders (which despite the common name aren't actually arachnids, and might not actually be chelicerates to boot). What makes this study interesting and controversial is that the horseshoe "crabs" are shown as part of a grouping where all the other members are terrestrial, the implication being that they are actually secondarily aquatic. It also implies that our definition of "arachnid" could be expanded, not least because unlike most arachnids, these have five pairs of walking legs, rather than four.
cheers,
Gabe