No it doesn't.
Throwing away all other sentiments, I really would like to see a 100lb digital piano replacing a 500lb upright piano while keeping its action, feel and sound, if not a grand piano. That hasn't happened yet, not even remotely, after all these years of technology advancenent. Anyone who is serious in learning and performing piano would be doing that on a real piano. And of course iPad isn't even in the conversation -- what can you do with a touch screen?
Which is exactly why I find this ad ridiculous.