Whew, there are some things wrong or partially true in that article.
The article talks about a dump valve which is a non-recirculated blow-off valve, and mentions, that without it, they gained 2 second on a 1:44 lap. I guess this is, where your confusion may have come from. But this is a race car they are talking about, and don't forget, everything on a race car is a wear item, so they did not need to take care of their turbocharger. If it lasts 3-4 races, that's good enough for them. And if that's what it takes to gain 2 seconds, then to hell with the *DUMP* valve.
Instead of a DUMP valve, with a proper, recirculated BOV installation, the high amount of pressurized air is fed back right in front of the turbo, allowing it to kind of "freewheel", propel itself, and it will not lose spool speed (at least definitely not as fast as by DUMPING the air), nor go into the surge territory. (Plus, as others have said, you will not toss out metered air, and make a fool of the ECU, but this one, I do not quite understand yet). Install a recirc. BOV, you get the best of both worlds. Well, maybe not the best, but you get as much good from both worlds as you can possibly ever need.
autospeed article wrote:
You'll never hear a World Rally Car going pssshhht because they don't use a dump valve - you get the woof-woof-woof noise instead."
I think that's about the best one. So, yeah, high-strung rally guys are not doing it, then why should you, the street tuner do it? They, again, are not interested the slightest about turbo longevity. They use ALS (at least they do now, I don't know about 2002, when the above article was born), and replace turbos every race. It's pocket money for them compared to all the other wear items, fees, and other costs.
By the way, your definitive answer:
http://www.turbobygarrett.com/turbobyga ... off_valves
And, well, Garrett knows some things about turbochargers, and they don't sell BOVs, they sell turbochargers, so if they are saying, "this is how you take care of your turbocharger", then I don't think it's just some marketing BS.
I'm not a Garrett fan, but I'd take their point over the OZ guys you mention, who "got away with it", under unkown conditions. (Boost, turbo sizes, typical usage, etc.)
Also, just in case you were wondering, various anti-surge methods on compressor housings, ported shroud (Garrett), Map Width Extension (Holset), etc., are not replacements for a proper recirculated BOV, or even a DV. These do not, can not prevent the amount of sudden surge that the "Off Throttle" condition produces.
Oh, yeah, forgot to mention, I'm running a Holset HX35 at 15 psi, no BOV.

(temporarily, at least)
But it pains me every single time when I hear the surge. So I try to shift quick, and when I'm done accelerating, I get off the pedal quite slowly.