This can't be true unless you're talking about unfathomably large integers, since the new 3SAT algorithm only improves on the 2^n bound for n > 10^100000000. That is, it's not in any way a practical algorithm that will ever be runnable on any possible computer.
I'm not real good at these sorts of details, but I'm struggling more than usual here. From what you say, and from things I think I know:
* Planar graph 3-colouring (P3COL) is NP-complete;
* Therefore 3-SAT can be reduced in polynomial time to P3COL;
* There is an algorithm for P3COL that runs in 2^O(sqrt(n)) time;
* Therefore there is an algorithm for 3-SAT that runs in 2^O(sqrt(n)).
That doesn't feel right ... where is the error?
Now I need to digest the implications of that, and I need to find the algorithm for P3COL.
I need a coffee ...
Still, the result is very interesting, since many problems can be solved asymptotically faster once subproblems that can be represented as 3-SAT can be solved faster. For example, we now have now have a deterministic interger factoring algorithm with run time N^o(1), where N is the integer being factored. Heuristic algorithms already achieved this bound, but the new claim is a deterministic worst-case guarantee. The result is a fairly straightforward application of the new 3-SAT solver.