I would ramp down your excitement, this doesn't solve any of the problems that Git has around large files. Dropping in a 1GB data file into your Git repo will cause problems for you, even if the server doesn't block it like GitHub does.
edit: Come to think of it, the feature they could potentially implement their side is somehow making it so binary files have their history purged somehow. I'm not a git expert but if they are able to trick git into think the files are new, and have no history, each time they change then I guess that could work.