Because it is of interest to hackers and rightly so. Some submittals are good because they are cutting edge, others because they touch on the fundamental - the magical - aspects of computing.

In terms is it being news, it's a bit of a feature story rather than on the scene reporting of a city council meeting or a cub's coverage of the police blotter or the Chamber of Commerce recent press release wrapped up as news.

If nothing else it's better than a blog post about the algorithm, and for me it's always helpful to be reminded what an amazing resource Wikipedia has become for computer science topics.