RF and neutral beam heated steady reactor with very high mirror ratio and superconductors.
I can't see how heat energy is supposed to be flowing out of that plasma envelope yet the magnets are supposed to stay at near-zero temps?
There have been steady incremental advancements in the field. I think your knee jerk reaction is coming from "cold fusion" which does have the problems you are talking about. Two very different fields.
The main issue with fusion is that it can't be weaponized and therefore doesn't have a nice military grant behind it. It lacks a Manhattan Project. It's probably always been "a few years from now" under the assumption of adequate funding.
The events following this announcement will probably be a good time to form a concrete opinion on fusion. It's being given a fair chance, so lets first see if it can prove itself.
This is promising stuff. Most of the other reactors have been Tokamak reactors - which are better suited to research and not practical applications, so we could be seeing some interesting results here.
Again, I could be wrong on my physics but as I understand it, fusion power is still a question of "is it even possible" whereas the hyperloop was more of a question about socioeconomic will.
There's lots of other problems too - I don't think they have a well-tested solution for adding fresh fuel and disposing of the fused products on an ongoing basis.