since you're familiar with the topic, does this look lightweight enough for say, mobile applications, or does it require massive processing power?
So, according to him, it is lightweight enough to run on mobile devices. I'd imagine there are also several optimizations that can be done (leveraging multi-core chips or GPUs, for instance) to make the performance significantly better than the prototype he's demonstrating now. Also, taking into account Moore's Law, we may not be able to run this on today's mobile devices, but surely could on tomorrow's. Given that research is generally a few years ahead of industry, I would expect that, by the time this would come to market, the devices will be more than capable.