And personally I prefer an "exact" guarantee that the result is as close-as-possible rather than merely "within some relative epsilon". Compare his (incorrect) "in mathematical terms" description with the actual statement that would be that, if re(x) gives the real number represented by a floating point number x, then:
fl(re(x) + re(y)) = x + y
where addition on the left is of reals and on the right is the floating point addition operator. This is simpler and more accurate than his inequality! And it works for sub-normals etc.