Sorry to jump on that's-a-stupid-bike bandwagon, but aside from what has already been said:

It weighs 21 lbs! (he makes it look like it weighs about 10!)

Its range is only 10k (6 miles)

Its carbon fiber (or parts are), but so what?

You can't even have the LBS service it (you have to pack it up and ship it off).

NOT a product ready for the market. I have no idea why Time would feature it as a great invention. Seems gimmicky.

Just watch: it'll totally take off and save the planet