Come on, this isn't some random other species; these are very near relatives living only 10-30K years ago. Just how much do you think brain architecture changed over that period? Clearly something went wrong with them, but I don't see why we should assume that would be lower intelligence.
What Happened to the Hominids who were Smarter than Us?
I'm strongly inclined to defy the data -- true superintelligence should have just dominated our ancestors -- but given the expense of large skull size (primarily in difficult birthing) it also seems profoundly unlikely that a lineage would see expansion like this that wasn't buying them something mentally.