It means that something is being asserted as true, when it is not known to be true.
ETA Well, it does mean a little more than that. It means that the basis of the assertion is coming from faith in a comprehensive belief system, rather than from any scrutiny of relevant facts; in this case the belief system is "everything reduces to physics", with no indication that "physics" meant anything other than "physics as it is presently formulated and conceived".
If I were to use the sequences as my guide, then on this site, the default approach for explaining all forms of experience should be "that's how it feels to be physical system X". So the facts about reality are 1) a lot of strictly physical facts, and 2) "what-it's-like-to-be-an-X" facts. In the first class of facts, I include complex physical facts that can be obtained from the elementary physical facts, like facts about temperature, which are really facts about average energies of large ensembles of particles. Occasionally it's said that the "feeling" facts are of this type - complex but strictly physical facts - but then that was the point of my question: I was daring the reader to make such a claim and to be specific about how it works. I was careful to stipulate that the explanation should be non-behavioristic; thus iDante's later comment, about replicative behaviors, doesn't qualify, and indeed iDante takes care to add that the property described may not actually be the same thing as love, even if it has something to do with the functional consequences and adaptive role of love. Descriptions in terms of function, adaptive value, or physical composition do not say anything about "experience" or "how it feels", and I think people generally recognize this.
So occasionally it's said that there are no feeling facts; for example, that seems to be the point of Stephen Diamond's recent post. That post was strongly downvoted, so I guess people don't like that option either. But they also aren't willing to be psychophysical property dualists, and say that there are physical facts, and there are psychological facts, and that the latter are distinct from the former but nonetheless correlated with them.
So we are left with the schizophrenic situation in which people assert their faith in materialism, but also admit the obvious fact that experiences do exist. I've made my pitch for a new nondualistic ontology, but that wasn't very well-received either, and I concede that it's not easy to understand. Eventually I'll produce a proper exposition. Meanwhile, I can at least point out the problem, because it's not going away.
Concretizing the abstract is an interesting blog post in that it makes a relatively cogent argument for non-reductionism. While I don't agree with it, I found it useful in that it helped me better understand how intelligent non-reductionists think. It also helped clarify to me an old distinction, that of philosophers versus engineers.
I find this interesting in the way that smart people are likely to disagree with the correct interpretation of some of its claims - while others would say the post is worshipping the mysterious, others would say that it's just making reasonable cautions about the inherent methodological limitations of a certain approach. One might even think that it's essentially making a similar point as Eliezer's warning about floating beliefs, and therefore to agree with the Sequences. The caution of "beware of thinking that your abstractions say everything that there is to be said about something" is a reasonable one, and people do clearly make that mistake sometimes.
I expect that part of what influences how plausible one finds this argument depends on whether one has more of an "engineer's mindset" or a "philosopher's mindset". Somebody with an engineer's mindset will think that "yes, the abstractions we use might be imperfect, but what else do you propose we use? They're still the best tool for accomplishing stuff, and anything else is just philosophcial nonsense that isn't grounded in anything". Whereas the philosopher is less interested in using their knowledge to "accomplish stuff", and more interested in the ideas and their implications themselves.
As an aside, this distinction might be part of the reason why we have so many computer or hard science folks on this site. Partially it's because Eliezer used a lot of CS jargon in writing the Sequences, but probably also because the Sequences, while philosophical in nature, are also very focused on practical results and getting empirical predictions out of your beliefs.
Looking at what we could use this distinction for (and thus taking an engineer's mindset) some people here have mentioned getting an "ick" reaction from religious people, just due to those people having strong false beliefs. I think that, combined with properly understanding the emotional basis of religion, an understanding of the philosopher / engineer distinction can help avoid that reaction. Our values determine our beliefs, and there are plenty of religious people who aren't stupid, crazy, or anything like that. They might simply be philosophers instead of engineers, or they might be engineers who are more interested in the instrumental benefits of religion than the rather marginal benefits of x-rationality. (Amusingly, such a "religious engineer" might justifiably consider our obsession with "truth" as just an odd philosophical pursuit.)