that can communicate via Sound (Requires DSP)...
that can defend itself against the registry editor (Deep integration to the OS, for at least windows, linux/OSX noted as well)...
that can alter data...
that can infect network cards (implied in the article)...
that can possibly use the power system to communicate (Ok, on a laptop, that might be possible. Otherwise, PSUs aren't completely isolated from the computing system's logic?)...
that all still fits within a BIOS chip? Either BIOSs are complex (read space-intensive) enough to stop being Basic, or they can fit this AND a functioning BIOS in to a payload that would be delivered by sound, USB, network cards...
Can it modulate the fans to transmit data too? Or change the screen brightness faster than the human eye can see, but can be detected with cameras? How about using the Wifi, HDD activity, sound mute, caps lock, numlock, scroll lock and power indicators to transmit?
How about opening and closing the HDD to transmit data?
I can't agree more with MacsHeadroom's assertion that this is a situation where the simplest explanation wins.
Not to mention I REALLY don't want this kind of thing to exist...
EDIT: Added fans paragraph