No, look at it this way: If they can get acceptable grain at ISO 24,000, think how fine the grain could be at more normal speeds...
Actually, there's a lot of interesting info in the abstract that suggests this could require a whole new way of thinking about film. For example:
"In a silver halide photothermographic system, all of the development products are confined in the coated layer and are not washed out." Translation: Processing equipment doesn't require water or drain connections and emits no effluents.
"Upon extended heating, negative development abruptly shuts down in the exposed areas and is followed by high-density fog development. The result is a high-speed, direct-positive photographic image with good image structure." Translation: The film is self-reversing, and most of its density is built up by fog, meaning it should be virtually grainless. For example, in shadow areas (little exposure) negative development shuts down quickly because there's only a small amount of exposed silver halide, and then a large amount of fogging builds up so the shadow looks dark.
Implications: Well, let's look at the workflow of today's dominant imaging system, digital photography. Your camera records images on an expensive, non-interchangeable sensor that becomes obsolete every few years, and then you record the images on expensive memory cards that are vulnerable to data corruption and accidental erasure. When you've finished photographing, you insert the memory cards into a computer device (card reader) that permits you to store, view and print the images.
People seem to love this workflow and are buying this equipment by the kazillion. Now, let's just substitute a few components:
Your camera records images on an inexpensive, replaceable sensor that can easily be upgraded whenever technology improves, and then you record the images on a robust medium that's invulnerable to data corruption and cheap enough to be disposable once the images have been retrieved. When you've finished photographing, you insert this medium into a computer device (thermographic developer/scanner) that permits you to store, view and print the images. Image quality is much higher than the previously-described system, and the original medium can be retained if desired for permanent archival storage.
Which sounds better?