This thing looks pretty sweet, there is no denying that. They say that the wood frames are more supple than metal ones and are lighter than aluminum.
Obviously these are being built for road use only, I'm not sure how well a hollow wooden frame would hold up to some serious off road use, but hey if you break your frame you can always glue it back together! :) Beats using the draw string from your shorts to fix it.
Now the fun part... the price. The one pictured above and the city/cruiser models are said to retail for $7,460 and $6530 respectively.
You can find more details along with some more pictures of the other models here.