Sounds pretty stupid to me. Besides I fail to see whats new about this. Hovercrafts have been in use for a long time. I believe they are too difficult to handle (you can't just step on the brake...), with horrific energy efficiency. Let alone that they are pretty loud as well.
I don't see any use for this for the average John Doe.
*Edit*
Bah, never mind I just noted your source is the Daily Fail.
