No, this result (as it stands) is of no practical use against NTRU as typically used. To quote the paper:
Note that there is a large value hidden in the o(1) term, so that our algorithm does not yield practical attacks for recommended NTRU parameters.
In addition, while it is subexponential, it's just barely so; they estimate the time as $2^{ (\ln 2/2+o(1))n/ \log \log n}$; even if we ignore the $o(1)$ term, this grows just slightly slower than an exponential function.
On the other hand, it may be that this attack might be useful against the use of NTRU as a somewhat homeomorphic cipher (which requires the error terms to be much smaller). In addition, perhaps this result can be sharpened to be strong enough to be useful against NTRU. So, while this isn't fatal to NTRU, the book isn't closed either.