big promises, but needs some practical exercise outside their studio to be believable. then there's small matters like, everything else other than surface detail which goes into making a game.
http://www.youtube.com/watch?v=00gAbgBu8R4if every one of their claims is true, it's a start, but still years away from being usable. watch the video above and notice how there's nothing in it which moves other than the camera. object interaction is a big part of games these days and they have yet to show a leaf fall from one of their trees.
typically australian though, meaning if anyone toots their own horn louder, more frequently, and more aggressively than the americans, it's the aussies.
let's hope they can make it work so we can benefit from 'the largest breakthrough since 3d graphics began'.