Some nice illustrations I found: http://i.min.us/ie52d2.jpg http://i.min.us/icklUo.jpg
To any firearms enthusiast, hearing clip and magazine being confused is like hearing nails on a chalk board. Imagine someone at your work insisting that Java and Javascript are the same language.
This is a rather poor analogy. Someone confusing Java and Javascript might believe they can paste their Javascript code into a Java program and have it work. Nothing of this nature will result from confusing clips and magazines. A shooter isn't going to expect to be able to use their Mosin-Nagant clips with their PSL, any more than they would expect for the PSL magazines to be valid replacements for their Winchester 1895 magazines.
It is incorrect, but it's not all that bad. 95% of the time, it is clear from context; the remaining cases primarily concern weapons with a fixed magazine, for which the user probably does know the difference.
It's like everyone calling car wheels "rims"
For example, you use a clip to load ammunition into the (internal) magazine of an M1, and you could use a clip to load ammunition into a "banana clip", which actually refers to a style of magazine.
In fact, the internal pistol magazine of a C96 pistol is still a magazine, but it loaded by a stripper clip, and some guns like the Japanese Type 3 are fed directly from stripper type clips - but those aren't "speedloaders" as the article suggests.(To juxtapose the concepts completely...)
http://en.wikipedia.org/wiki/Stripper_clip http://en.wikipedia.org/wiki/C96_pistol http://en.wikipedia.org/wiki/Type_3_Heavy_Machine_Gun