10th century BC Hebrew inscription deciphered

Check out the following press release from the University of Haifa.  Here is a summary paragraph:

“A breakthrough in the research of the Hebrew scriptures has shed new light on the period in which the Bible was written. Prof. Gershon Galil of the Department of Biblical Studies at the University of Haifa has deciphered an inscription dating from the 10th century BCE (the period of King David’s reign), and has shown that this is a Hebrew inscription. The discovery makes this the earliest known Hebrew writing. The significance of this breakthrough relates to the fact that at least some of the biblical scriptures were composed hundreds of years before the dates presented today in research and that the Kingdom of Israel already existed at that time.”

There is also an image of the inscription as well.