To listen to Mark Suster's post, it sounds like they did a very comprehensive vet, so I would presume someone ran the basic math like you were thinking and like the link above runs through. And with just a lay-person's knowledge of physics, my first thought was "Isn't there a lot of energy loss using sound-through-air as a medium of energy transfer?".
On the other hand, all they say is "we talked to these people and those people and those other people over there", so who knows what the actual tests were.
A lot of the discussion here is about Arrington/Crunchfund, and while I find him interesting to read and good at getting information out of people in a blogging context, I don't really have an opinion on his competency as a VC. But A16Z's investment record is pretty solid, and Mark Suster has always struck me as a reasonable guy.
As TechCrunch's post pointed out, Silicon Valley is littered with the corpses of better-device-charging startups, but now I just have no clue what to think. :P But if they get it working, it'll be pretty awesome.