[1] Video: http://www.smithsonianmag.com/smart-news/weve-put-worms-mind...
The connectome model only addresses the third and lowest levels of Marr's analysis of a cognitive/biological system.
1. Computational: What does the system aim to do? What problem does it solve?
2. Algorithmic: How does the system solve or approximately solve that problem? How does it accomplish its purpose as a part of the organism?
3. Implementation: How are cells and/or organs put together to implement that solution?
You can have a very accurate picture of (3), and still lack any solid knowledge about (2) or (1). You can also sometimes have a clear picture of (2) and (3), but overgeneralize and wind up with a near-tautological theory for (1) -- that's the accusation being thrown at certain parts of theoretical neuroscience today.
And functionally, what did that tell us?