What you've missed is that most scientists have been expecting electricity will be generated from fusion soon for the past 10 years or so, almost definitely before ITER comes online. The development of High-temperature superconducting tape basically guarantees it.
The scientists didn't miss this - on Helion's website they state that idea here was thought about in the 1950s, although they lacked the computational power to test their theories.
Helion gets to draw on that work for magnets and plasma containment, but doesn't have to solve that system's problems. So, it is legitimately possible they could have something.
You might wonder why the international research community has ignored this approach. It is a good question. All I can think of is that the people paying the bills for that want lots of physicists to have experience with hot-neutron processes, so they have a population to draw on for weapons work.
Of course they won't say so. What they say is that they are chasing the system that needs the lowest temperature.