In a sense, but it is a bit more devious. It basically invalidates all past fMRI studies. Not that anyone should have taken those seriously, but it looks like another nail in the coffin. fMRI analysis is (was?) basically: squeeze each brain scan into a standard box, then average the BOLD responses (that's roughly oxygen usage between 3s and 9s after activity). This abstract says that --at least in some cases-- those averages are wrong. Not just hiding information through aggregation, but flat-out lying.

Just from reading the link, I do see an objection: they studied repetitions, which are known to be different from the initial response, so this may not be the fMRI's eulogy.