"He's insane... He just likes playing in the sand."
Correct. There is a correction of the news stories on Dr. Jones website at http://www.vendyljones.org.il/, and more info on the dig at http://www.vendyljones.org.il/Excavations.htm.
Personally, I am not sure it is time for the Ark to be found. However, Dr. Jones has found the other items that the copper scrolls report to have been hidden along with the Ark. May be another Capone's Vault, but I will definitely be checking the progress.