A new colorspace, you might say, what do you mean? Well it seems the big Windows giant has developed what it is calling scRGB - a new colorspace designed, as they claim, to, "add depth and richness to photos."
The problem with this idea, is that it appears the scRGB space is still not as expansive as the Adobe RGB (1998) colorpspace, or the ProPhoto colorspace. At the moment, the sRGB space is basically color as optimized for the Internet. However, if you want to achieve the broadest arrange of color possible, you shoot, edit and (hopefully, but it's sometimes difficult to do), print in Adobe or ProPhoto.
So will this "new" space help? Sure, it may make your Internet display better, and it should help point & shooters, but I doubt - and the article acknowledges - that it will affect the high-end market.