Nothing really got simplified here. There's now twice as many steering columns, the rear hub became more complicated, and so did its dropout because now there's pedals there. We've lost gear ratios other than 1:1. And I didn't see braking of any sort.

It's basically a swing bike (fun, but taxing on the core muscles and not very stable at high speed) with the rear axle aft of the saddle (so I'm guessing it's a nutbuster).

Freakbikes are great, but this reeks of concept fluff.