Looking over the paper, it would appear that the statement in the article linked above that "extremely low frequency magnetic waves boosted ethanol production by 17 percent" is misleading. The 17% gain is in, as the authors phrase it, "overall volumetric ethanol productivity," which is measured in g/L/hr. That is, the yeast are producing ethanol faster. So the article would have been correct if it said "boosted the RATE of ethanol production."
The yield in grams of ethanol per gram of consumed sugar was 0.427 for the control and 0.443 for the best-case 'magnetic' experiment, i.e. a 3.7% increase in ethanol yield.
In other words - I think clayof2day was right. Unless I'm misinterpreting something, this may accelerate fermentation by around 17%, but the final amount of ethanol is relatively unchanged. Maybe something Budweiser would be interested in, but certainly not worth the trouble for a homebrewer.