Chrome reflows the text on the Nexus 7 -- pretty much the greatest mobile browsing feature ever and I miss it terribly on my iPhone.
I think his point was more than you have to resize text on the Nexus 7 because the screen is much smaller than an iPad. Pretty much every page on the Nexus will require a pinch zoom and a tap before you start reading.
Also, Chrome on Nexus 7 has a lot of "accessibility" options, so you can size the default reflowable text to your comfort, which reduces any need to manually squeeze/expand. (Nexus 7 is dramatically superior to a New(3) iPad.)
I think his point was more than you have to resize text on the Nexus 7 because the screen is much smaller than an iPad. Pretty much every page on the Nexus will require a pinch zoom and a tap before you start reading.