The history feature looks like a privacy nightmare. One swipe away, and someone who borrows your phone for even a moment can immediately see everything you've been up to. Where is the empathy for the user? BTW if I let someone borrow my phone, that means I have already unlocked it for them, but it doesn't mean I want them to have one-swipe access to everything.
As an aside, next time they should consider having a more likable and less arrogant-looking person do the talking, and without (apparent) overdubbing. It came off as slightly creepy.
I'd love to play with one, but I don't expect it to make any dent in iPhone. I am curious what other cool features it has that didn't make it into the video... since it's Nokia, we can expect a lot, so they do have my attention at least temporarily.