And according to some scholars, it looks to be forged, in the same manner that the JWF is thought to be forged.
The problem is this: the text matches that of the Qau Codex. But not only does it match, it even follows the set of line breaks of a specific modern edition in an eccentric manner, to the point of having a glitch at a page break, and this edition is (like the Gospel of Thomas edition thought to have been used to compose the JWF) available on-line. This, however, presents another problem: the Qau Codex is in a dialect of Coptic which, by the date this appears to have been written, had died out.
So why should a churchman care? Well, on one level, all of this fuss ought to be immaterial. Whether the JWF represents a modern forgery or an ancient gnostic text, it stands well outside the orthodox canon; in a sense, the question is whether it is a modern or ancient forgery. It's all about the world-changing hype. King, whose baby this is, has connections to the Elaine Pagels/Jesus Seminar/"we can learn about early Christianity through the gnostic material" people. But this fragment has now been cut loose from this because of its late date, to the point where its importance in that wise would be indicating a significant survival into a time around Charlemagne's reign. The mainstream media is looking, for whatever reason, for another Coluphidist "well, that just about wraps it up for Christendom" wildly overstated story, and Harvard and Company played off this desire and got an endorsement of King's claims that was emphatically undeserved.
If you want a non-hyperventilating mainstream story reviewing the whole thing you can try this one from the Weekly Standard. And if you want a larger perspective on the novelty of these claims, you can see this column by David Jenkins that came out after the first round of JWF stories. But you can just as well ignore the whole thing, and dismiss anyone who tells you that this or that find challenges orthodox doctrine. Sure, you'll get called a traditionalist (as if that were a bad thing) and accused of burying your head in the sand, but you'll save yourself a lot of grief sorting through the nonsense.