Graphics developments such as these (and many others presented at SIGGRAPH) do indeed turn into real software quite frequently, sometimes as part of upgrades to existing softwares. Given that this work was done partially by people at Adobe, there's a good chance they will include it in the next version of their video-editing tool.

In general, the computer graphics industry is incredibly fast at picking up research developments (often under a year for many of the CGI/FX studios). Other areas of computer science typically have much longer lags between research results and industry adoption.