"The definition of life has just expanded," said Ed Weiler, NASA's associate administrator for the Science Mission Directorate at the agency's Headquarters in Washington. "As we pursue our efforts to seek signs of life in the solar system, we have to think more broadly, more diversely and consider life as we do not know it."According to NASA, Mono Lake was selected for study due to its unusual chemistry, especially its high salinity, high alkalinity, and high levels of arsenic. Mono Lake has been from sources of fresh water for 50 years.

I should also add that this theory does not appear to be a breaking story, though it may have rolled across the newpaper's desk just recently. For instance, Australia was reporting on this more than three years ago. And the idea itself was presented by Professor Penrose in 2005 - here is the lecture. Is this also an echo?
And while the story was not all that clear in the recent article, a little more review of this matter indicates the theory relies on black holes basically cannibalizing the entire universe to the point that it resets itself. To me at least, that is even more fascinating than a universe collapsing onto itself.
Whatever the case, I find it all amazing to read about. While I love to read science fiction for the pure enjoyment of new ideas, the regular scientific papers are doing their part to keep this strange universe of ours endlessly enchanting.
December 7 Update: Not everyone is happy with NASA's announcement of arsenic-based life. Take a look at Slate's article "This Paper Should Not Have Been Published."