Another day, another gadgetbahn. It's hard to tell from their website exactly what problems they're trying to solve. They seem to have taken all of the worst aspects of monorail style operations, the relative complexity of maglev, and the vendor lock-in of a gadgetbahn and have just run with it. Off the top of my head: From their rolling (gliding?) stock concepts it looks like they're targeting the automated metro sy…
On the less sarcastic side: unlike the major partners in the former Transrapid project (Siemens and whatever the current incarnation of Thyssen was called at the time), they aren't a public company but some kind of family estate foundation. That type of organization has far more liberty to follow vanity projects than anything pubic could ever dream of.