The technology used for morph is speculated for the masses between 2012 and 2020.
With mass accessible nano-technology just around the corner I think we will begin seeing devices such as the morph in around 10-15 years.

The problem is not the technology,. it's making it affordable for the masses.

The N888 was and still is a concept, I think that's about as far as it goes or will ever go. Sad though as it is cool. I'd have one, it'd make an awesome watch!