This is a very interesting theory. One that I am following quite closely. "New evidence is suggesting that time is slowly disappearing from our universe, and will one day vanish completely. This radical new theory may explain a cosmological mystery that has baffled scientists for years." states the Daily Galaxy. What does all this mean?
For starters it would mean that our current concept of dark-energy needs to be re-written. And we were all ready to give Einstein credit for his cosmological-constant blunder!
But on a serious note, science is progressive and the models currently being constructed are quite intriguing. Keep in mind this is purely theoretical, but this is the basic idea:
Our universe is expanding (presumably initiating at the big-bang). Now this expansion rate appears to be exponential. In other words, the further out the other galaxy is (the one we are measuring), the faster it is moving away from us. This new theory states that the expansion rate is an illusion. that in reality, it is time that is slowing down.
What happens next?
Well, for us nothing. But according to this theory, eventually time will just stop...The End.