Hmm, what's so amazing about it? It's a voxel graphic engine, of course it's going to have great detail and no polygons (duh). That's not new. Commanche had this in 1992... I'm not at all an expert in this area, can someone who is explain what the downsides of voxel graphics are? There must be some serious problems with it, because the technology is well known. Is there something new that makes this particular engine…
Part of the point cloud needs to move for animation, which involves re-indexing at least part of the world. Doing this once per frame is probably far too expensive (at least currently), which is why animation doesn't feature in their videos.
That doesn't mean this technology should be dismissed; most world data in 3D scene graphs is static, so it does have applications. I don't see it overtaking rasterised graphics entirely, but I think there is value in it.
I'm not an expert either, so take my comment with a healthy bucket of salt.