One would have to ask: the main research question they seem to be answering is "how do we get rid of an overly long chain?". Is a long chain really much of a problem? Or is this design answering a question that no-one asked? I'm all for improving things, but the very nature of a recumbent means that it's size and shape is different to a standard bicycle, thus it makes sense that the longer chain is part and parcel of that difference.
The ride-by-wire throttles on motorcycles is another example. The only advantage being that you can never suffer with a snapped throttle cable. But that's not a very common issue anyway, certainly not common enough to need a more expensive alternative?