Retracting an article due to "editorial standards" is, to extend your analogy, like attributing the need for an emergency hotfix to "QA practices".

Editorial standards should stop bad stories from being published. Saying "we retracted this story because it doesn't meet our editorial standards" begs the question "why are you publishing things that don't meet your editorial standards in the first place?"

It doesn't take responsibility for or explain the mistakes in the article. It doesn't state that the article had factual errors. It's a frustrating cop-out. I sincerely hope this is a temporary measure while Wired gets a more comprehensive retraction put together.