While interesting, this is not necessarily new news. Craig Calfee experimented with bamboo as a frame material years ago.

Craig (NOT Calfee)

great picture! what a head tube! a bit hard to get low and aero on that one....

Gilligan would smoke The Skipper on that thing :-)

From a post he has on the Calfee forum Craig is actively looking at putting a bamboo bike into production.

I don't think it's going to be UCI legal. They usually require a double triangle bike, and this one seems to have four triangles. Maybe a petition needs to be made in order for the bike to race.