(The original article was run in the Chicago Tribune, registration required.)
Take a minute to walk through this technique:

**Note: the following material is my original work, not a re-posting.**
The grid approach is not without that pesky requirement to "carry" ones. It is merely a re-arrangement of traditional multiplication. (Trust me, it is: the "proof" is too nerdy to endure!)
The C-trib illustrators inadvertently cause a pitfall for students of the new technique when they start diagonal addition from the left. One small adjustment solves the discrepancy: begin addition from the right.
Ask yourself: can you think of a combination of two 2-digit numbers for which at least one of the diagonal sums is greater than 10? If you can, you've just demonstrated to yourself the need to begin diagonal addition from the right, carrying 'extra' ones leftward, as is with the traditional approach. See my illustration below:

The first result occurs when diagonal addition begins at the left; illustrated at right is the intended result, having carried the ones: 78 x 59 = 4602.
Continuing the algorithm just a little farther into application, we see that it still works when applied to three-digit products (example, 362 x 147 = 53214):

And, with nerdy satisfaction, I proudly report to all two of my readers that I did this just for fun!
My favorite Calculus professor (pictured) taught us about a Latin abbreviation commonly used to signify the close of a proof: Q.E.D. (Quod Erat Demonstratum). I much prefer the mnemonic device he taught us to remember it, tongue in cheek: "Quite Easily Done."
technorati tags: Chicago Tribune, teaching math, multiplication, learning, Dr. Eric Lund, 37signals, Quod Erat Demonstratum, Tommi Godwin