I don't know if anyone noticed the cursor in the demonstration video but it looks just like another cloud-based application like Alien Dalvik (which the devs of claimed to have rewritten Dalvik). Although Dalvik is written Java (which can be reversed with a decompiler) it isn't just that easy to hack or customise the VM to run under a completely different environment. If that was possible, we would see it on apple devices already with the help of jailbreaking, since there are a lot more coders and users than here are.

This project doesn't look legitimate to me at all. Even if they manage to release that (which I highly doubt), I wouln't care about it. Not anyway since I held a sgsIII in my hands which supposed to have the amazing horsepower to run android like no other. I can say that it was still an utter mess. The device is not to blame but the software is. It's Java that makes android slow, clumsy, unintuitive. I always said Java is not a solution for mobile platforms. The same can be said to flash. I might sound like steve jobs but I think this is the truth. Yeah I know running Android apps would be great as you would have a wide variety of apps available but some of us should know that it has become a trend to make false promises.