I've been hearing about this tech from a relative at Qualcomm for a while now. It'll be interesting to see how it really performs. But it does look like it has some promise.
Something funny about the SlashGear article, though -- they mention that the unit shown is a non-functional mock-up (only the screen is real), then they go on to show us pictures of the back of the mock-up, the USB port, the headphone jack, etc...