I hope they choose to license the shit out of this and dont try to prevent people from duplicating it.
The question remains whether it's practical or not. Did they have to do anything engineering wise that will mean the motor is prone to problems? Does it use normal bearings of some sort, and how hard are they to replace? How much does it cost to manufacture compared to other motor types?
I'm all for improved electric motors, but it takes more than a good idea and a press release.