With the caveat that the paper is from a competitor that I like, this benchmark paper [1] makes me inclined to disregard this result. See figure 1.

__EDIT:__ whoops wrong figure, just read section iv or see the first figure here [2]

[1] - https://arxiv.org/abs/2110.03137

[2] - https://ionq.com/posts/october-18-2021-benchmarking-our-next...