First, they found single neurons which trigger memory, a far cry from containing the entire memory. Think of them as gateways to a house. A gate does not hold the house, but it does let you access the house.
Second, they didn't remove any neurons (from my brief skimming of the press release at MIT[1], I don't have time to read the paper now). There is almost a 100% chance that there is a large subset of neurons which will trigger the same memory. Which means this house has a lot of gates. Nothing is becoming "unreadable" here.
Third, this trick of using optogenetics to trigger a memory has been shown several times over already. Here it was reported by Boyden and Hausser in 2009 [2]. Presumably this piece is being reported because it was performed by Tonegawa's lab. Not discounting the research, there is likely a lot of advancement on the underlying science, the optogenetics (which are undoubtedly being borrowed from Boyden's lab across the street) and the understanding of mechanism...but it isn't new.
[1] http://www.mit.edu/newsoffice/2012/conjuring-memories-artifi...
Obviously, this argument breaks down at some point, since by induction we could remove 100% of the neurons and manually trigger the axons to the muscles that would have been triggered by triggering the single neuron in the intact brain. This would give the same observable behavior, but it is not clear whether the same experience would be had. But this is getting into the area of consciousness, which is something that nobody understands (yet).
There is also a lot of redundancy in neural networks. Large swaths of neurons fire together in concerted patterns, and while removing one may tweak the pattern slightly, it is equally likely that the other neurons will just adjust their weights to keep the pattern constant.
What does that mean? Not being snarky, just interested.
Fairly sure that it'll turn out that it just depends on the massive complexity of neuron/synapse connections, though.
But then you think of concepts like 'group psyche', and twins that are separated from birth but share the same thoughts/feelings over a distance...
Hopefully science will get to the bottom of it soon :)
Philosophy and spirituality aren't science. Do you have any citations for brain's metaphysical abilities? Unless proven to be true, personal anecdotes and old wive tales aren't valid data points. Apart from it, I haven't read anything about brain transcending the physical.
There is a lot of unknown viz. we don't know what constitutes consciousness, but that doesn't mean it can be attributed to metaphysical. Physical or metaphysical, you need to know for sure - till then, it's "no man's land".