Funny thing that I actually saw this yesterday too, and thought about posting about it.
But I just can't believe that that could be played with even a 2.5Ghz x4 processor. And not to mention the GPU it needs. So I don't think that will see commercial use just yet.
And the Terrain they created with it looks just dull. It looks like a polygon made terrain mostly because of the poor textures. So they really need a professional artist to sell that technology forward.
2.5Ghz x4 with average GPU might be well enough for that. There's already lot of games that have amazing graphics and don't require a monster rig to run. If they had invented high drawing distance combined with beautiful graphics and no changing LODs - that would be revolutionary.
The preview picture in the video made me think this engine would suit in future facelift versions of Minecraft ;D
