Looks like a great way to allow some dignity and independence in ones final years. Would of loved this for my late grandfather or grandfather-in-law.
The alternative I have seen is a locked down area of a nursing home. They are segmented from the rest of the nursing home residents as they can be trusted with the same freedoms. All bets are off once a dementia patient exits the front door.
This also seems like a far nicer place to visit a relative suffering from dementia.