Posted 2010-August-19, 03:14
The Clay theory is from a chap called Graham Cairns-Smith, nothing to do with Dawkins. Dawkins did, however, mention it favourably in one of his books, which is perhaps why his name is getting associated with it, such is his influence.
The clay theory (briefly, for anyone interested) is a very thought-provoking and creative idea, but still very speculative. The idea that clays and rocks were important in pre-biotic chemistry is not in question. The inorganic metal ions present have the capacity to catalyse all sorts of simple organic reactions, of the type important in creating the building blocks of life. What Cairns-Smith does is go way beyond this, and posits that inorganic clays actually formed the first genes.
The crystal structure of clays can be thought of as a crude information storage medium, which (may be) capable of propagation and hereditary transfer of information. CS argues that this was the first primitive gene pool - once organic media was established it 'took over' - his book on this subject is actually called Genetic Takeover. This 'takeover' concept seems to be pretty solid, although the specific case of rocks - RNA is open to question. IIRC he speculated that the information content of the crystals would directly influence the structure, and hence information contained, of RNA.
There is no 'DNA' theory of abiogenesis that I'm aware of - RNA has been the main player in pre-biotic chemistry for decades as it is an evolutionary precursor to DNA. The paper referenced in the OP came out last year and is a landmark work, because it provides a very plausible chemical scenario for pre-biotic nucleotide synthesis. Its also very inspirational as a piece of science in general, as it shows what can be achieved if you ask big questions and do not get sidetracked by the trends and modes of the day - something very hard to do in the modern funding environment.