Ishpuini: my feeling exactly.
I understood that was a Ricoh project, and that it might not be the final form. Anyway, it was an amazing looking thing, and it does have it's uses...
I found a similarly "eyes shining with pride" look at the Epson stand, where another Japanese gentleman was showing me their new EVF. I hate those, but the one demonstrated wasn't half bad (an OM-D was provided as a reference, and it's EVF was noticeable worse).
However, I doubt the crowd at the Hassie stand would do anything but look. I passed through there several times, because I couldn't believe how ugly those things were