Jonathan Ive will design a nice version, Apple will own the market, and google will aghast "but... we were first...".
Google glasses look cool as an object - it's just that they look bad when worn. For a start, make them symmetrical (even if the "other" projector is fake).
For me, it's not the asymmetry of the projector but the massive back-end. You can tell even Google knows this is unattractive because their model is wearing a hoodie to cover it up.
While I respect the attempt to make a standalone device, I think Google would be better off introducing this as a lower-cost peripheral for those who already have android smartphones. I think this would get them market penetration and slim down the design (but that's just speculation).
Also, it's probably safe to say that early adopters would already have a smartphone, and if they don't it could be a game changer to get people on Android.
I'm actually kinda amazed they've managed to make it that small - OTOH, I see the key point of the project is a way to make hardware smaller yet still be usable (because we don't need a large screen).
It's really hard to tell from those photos because they don't provide a great reference. The best I saw was the "strong and light" photo, so I'm going to go ahead and say it's about the same size as my thumb.
That's pretty small, but I'm not sure its small enough to have an iPod-like takeoff (yet!).
Looking at most devices people have used on their head & the capabilities of this?! I can't complain even one bit.