very nice, about time we make music on the web! Hope one day we can get a powerful app like Ableton Live but on web and open source.
There are already full blown online DAWs like BandLab, Soundation, Amped Studio etc.
It follows the design patterns of many node-based programming environments, so to call it a ripoff of Max/MSP is unfairly harsh. The theme in the second half of the video looks a lot closer to VVVV than Max.
Calling it a rip-off is like calling Guille a rip off of Scheme.