gracefully is subjective. media queries feel abrupt, even on my 'fast' machine.
https://github.com/marstall/shim
You can see it in use very briefly from 1m 18s in:
http://www.boston.com/video/viral_page/?/services/player/bcp...
They should release a video of shim in action. A video explains it much better than words can. (I was lucky enough to get a sneak peak of all their new stuff a little while ago.)
Are the media queries a little laggy? Sure. I'll tolerate that over having to hunt down a stupid "view full version"/"view mobile version" link (and I'm sure some optimizations can be done).
I think this will set a new standard for the term "mobile-friendly"
Resize that page.
Also, though this is much more subjective, I think that really looks terrible. Too much stuff is moving.