Very interesting point but this chute is seriously making me consider taking flying lessons. Compared to motorcycle, plane is far safer. If an engine fails you can still glide to safety. Failing that deploy this chute.
One additional feature safety would be terrain recovery where if it detects you are unconscious, the plane would automatically pull out of the dive or avoid terrain obstacles (like side of a mountain) and place itself in a holding pattern. Taking a step further, the plane would identify nearest field without traffic or powerlines and deploy the chutes to land itself.
The last two layers are really nice to haves, its already incredible to have chutes readily available in private jets. Now its tough to argue that flying is inherently dangerous with these extra layers of last resort measures.
Having said that I do think cheaper alternatives to this Cirrus jet already exists, nothing wrong with propeller planes either. My goal would be to be able to do bush flying, landing on top of mountain fields, camping for a while and then flying back home.