Training wheels obsolete?

Anyone see this yet?

http://apnews.excite.com/article/20050430/D89PRN0G0.html

As a mechanical engineer by training as well as a bike mechanic (and teacher of several kids to go two wheeler the old fashioned way), I think this is very cool. Perhaps not simple, or cheap, but very cool.

It’s gettin’ so you can’t skin your knees any more.