Roger L. Simon sure seems to think this "rises to the level." He notes this is several dozen degrees worse than the Jayson Blair scandal. At least Jayson Blair's fictitious "facts" tended to be fairly quotidian and meaningless.
From Allah, who also has links to PAGE ONE of the Washington Post (if you can believe that!), plus ABCNews (in fairness, they were on the story fairly quickly; just not as quickly as, say, unpaid amateurs) and the AP.