Regardless of whether or not it would be a POWER7 (it's not, the processor is codenamed Espresso and it's a custom PowerPC build), it could be easily backwards-compatible since the Broadway IS a PowerPC processor. If the two use the same instruction set (or alternatively the new and improved set contains the instructions from the older set as well as new ones), they are compatible natively. (More or less)
It's an entirely different case when two processors are not of the same family (PS2 and PS3, XBox and XBox 360) and the backwards compatibility is based on hardware emulation.
In any case, backwards compatibility is in no way an indication of the architecture's performance - Wii backwards compatibility in no way restricts horse power as it is suggested in the tweet.