I'm attempting to replicate this. Searching the last sentence (which is behind the paywall) brings it up in google right away, so I think you're right. However, using Googlebot's user agent doesn't work, so it must be slightly more sophisticated.
The result in Google is also not-paywalled, though going directly to the link is. So maybe they use a simpler strategy, and just mess with the parameters.
This is the result from google:
http://online.wsj.com/news/articles/SB1000142405270230388060...
gets me the full text article, they could just be stripping the header from the page and displaying that? I know it does detection of cached Google pages in some circumstances.