Yeah its the Higgs boson, and is the particle that is missing from the standard model that they have built up. If found it will prove their model and mean that we might truly understand particle physics. If it is not found, then indeed, it will be much more interesting.
I don't think it will not prove the big bang though, but proves the particle physics that could have gone into it. The term "God particle" is, like most things, a media invention... though I think the particle physicists don't mind it too much as it gives them some publicity.