Do you honestly Jeremy Avigad (to pick one of the authors) isn't intimately familiar with the Incompleteness Theorems? For starters, Jeremy is chair in logic and philosophy of maths at CMU. https://www.andrew.cmu.edu/user/avigad/
Perhaps you'd like to explain how you think the Incompleteness theorems affect this project?
I think the comment was poking fun at the phrase, "to formalize all of mathematics".
That makes it sound like all possible mathematics past and future in all conceivable worlds. And we already know there are undecidable or unprovable statements, higher-order logics that cannot be fully formalized, concepts about axioms themselves that cannot be axiomatized, etc.
So it cannot mean "all of mathematics", strictly speaking. Just the areas in existing mathematics that have (or can have) formal proofs.