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.
These kinds of things happen with other vertebrates - other fish, amphibians, reptiles - as well. Remember Jurassic Park? Well, they weren't bullshitting about all-female populations producing offspring. Here's your proof.