I don't know if the fact that you only have to have 20 hours of flying lessons makes this thing better news or WORSE news. That being said, if I had a spare $194,000 lying around I know what would be in my stocking come Christmas 2011!
I do expect if it does get popular and/or profitable, the price will be under $100,000 in five years. That said, this is one of those if I hit Powerball things like the Wayne Manor that I live close that I would buy in a heartbeat.
No, they're not that good...they're much much better. 2 of the last 3 New Years Eve's I have been lucky enough to have them play Chicago (at Metro) and I think the party there is better than Times Square.