Correct me if I'm wrong, but this is a really big deal, right?
Mmmm. It's new data, which is important, but it's not new data that particularly upsets any accepted theoretical models.
It was easy to figure out the count of human proteins to human DNA base pairs, and figure out only a small fraction was actually protein coding back in the 1970s. So people started theorizing about all the rest being junk. We knew something of the 97% had to be regulatory in function, and everybody had their own preferred guesses. Those guesses have been steadily moving higher over the last 20 years (at least). Now we (apparently) know it's on the order of 80% that's regulatory, instead of 3% or 10% of 30% or whatever else people were theorizing.
It does suggest true parasite DNA is a lot less common than some thought (especially back in the 1970s). But there's still lots of room in the remaining 17% for parasite DNA, so while the magnitude has been reduced, the underlying theories still have a good chunk of the genome to play in.
... on the order of 80% that's regulatory ...
No.
1 Less than 2% is coding
2 About 8% is known to be regulatory. Most of the interesting stuff from the ENCODE project is about what parts do what in what cells in this category
3 Given how they looked, it is likely that another 10% or so is regulatory in cells that they have not looked at.
4 20% or so has absolutely no effect
5 When they talk about 80% being "functional" that is in the weakest sense of the word functional that anyone has even played with. Typical examples of the functions of the ...
http://spectrum.ieee.org/tech-talk/at-work/test-and-measurement/re-imagining-our-genes-encode-project-reveals-genome-as-an-information-processing-system/?utm_source=techalert&utm_medium=email&utm_camp
Correct me if I'm wrong, but this is a really big deal, right?