The only time these guys ever make the news is just before they raise a massive heap of capital, and this news looks just as vacuous as all the other news they release.
Just based on the HoloLens having a product out already (even if only a dev version) it seems to me like Magic Leap is way behind.
Meanwhile you can buy a Vive today or in a couple weeks a Windows Mixed Reality set (VR might be 'good enough' for most use cases ML would target). On top of the hololens, which is a closer product. Hololens fov leaves a lot to desire, but it actually works and anyone with the cash or willingness to go to the Kennedy Space Center can try it.
Not sure where Magic Leap is going right now, hopefully they'll release a revolutionary product, but the fact they never release a beta or devkit on the chip and projection system they've been talking up for half a decade is very worrisome.
What the actual fuck did I just watch?
FYI, Magic Leap CEO is weird. Here is his blog http://fixtheworld.blogs.com/fixtheworld/page/2/