To goal of good research (and one that differentiates researchers from criminals) is to present a proof of concept and to advance the state of security. The fact that security is a perpetual arms race is incidental.
Well, at least that's what security researchers tell themselves anyway to avoid going mad. :)
I spent the whole article wondering why they were so interested not only in presenting a proof of concept, but in getting as many people as possible actively breaking captchas. Then I got to the end and switched to wondering whether the whole thing is an elaborate prank.
On the other hand, it looks like they provide a corpus (http://www.dc949.org/projects/stiltwalker/stiltwalker-corpus...) [1.5 GB!] that you can still use to run the program.
However, every day five or six make it through. Observing their patterns and timing, and the fact that they make zero mistakes while interacting very slowly with the site, I can only presume that humans are directly involved as well, either as mechanical turks or simply manually posting the spam.
notably, they follow normal, guided flows through the site - not like robots at all, but hit pages that would obviously be interesting to a human (say, have a certain type of image content linking them versus another), while avoiding the least popular pages - never hit urls that are hidden via CSS, etc.