I have mixed feelings on this.
On the one hand, I do agree with others it would be nice to see NIMH placing more emphasis on social/environmental factors. Then again social/environmental fields and biological fields are increasingly fusing as our understanding of both continues to expand. I don't know that NIMH is saying they will refuse to fund anything that isn't purely biological (or anything of the sort). This is a large-scale project designed to reshape how we think about these things and advance our understanding of the biological factors. More immediately for me, this completely fits with my conceptualization of disorders (not the biology, but the emphasis on trans-diagnostic processes). I think some folks are neglect that this is the Research Domain Criteria - all the folks involved will agree we aren't anywhere near being able to diagnose based on biology. Years of folks beating their heads against a wall trying to do that indicates its pretty unlikely to happen within the current system. I see this project more as a "shift" in the approach to a system where it seems at least theoretically possible to ascertain stronger brain-behavior links. For instance, while extremely unlikely we'll find a "depression" gene, I think odds are significantly higher we'll find a gene that enhance GABA transmission suppressing reward responses which produces an increased risk for a variety of different disorders.
My interpretation of this is that this is culmination of the realization that biological explanations are NOT working out well and an attempt to reshape the approach so that becomes a possibility. That said, I admit it fits perfectly with my research program so perhaps I'm seeing what I want to see in this. I'm happy to see the DSM being thrown out. Its a necessary evil for some things (e.g. insurance billing, epidemiology/population description) but I think has little value in most research beyond providing some assurance of a common parlance. I think this shift is necessary for breakthroughs to continue to be made on the biological side since (as illustrated in the link Serenade provided) we really aren't doing that great now. I hope to see social/environmental work move in this direction as well and suspect it will in the near future.