In my personal case, I have bipolar depression and I have gone through several depressive episodes and have definately changed my internet usage during them as described in the article. So I believe this research has value and I will probably build a tool for self-tracking these variables...
What I disagree with is that there should be a central software to notify "counselors'' of this behavior. I believe there would be too many false positives and it would be a huge intrusion of privacy.
Maybe a system where users by the software get an automated "Need help?" email once where they can schedule an anonymous appointment with 1 click at the student health center or something would be fine. But it should really just be a relatively cheap way to screen for students who might be in trouble and contact them proactively, the internet usage itself shouldnt be logged or discussed as a problem ever...