They seem to be utilizing a Kinect for capturing texture-mapped point clouds of indoor environments and objects. If it really does this, with true-to-size dimension measurements, this will be an incredible tool for "surveying" physical objects and spaces.
For those of you who've read joshua foer's 'moonwalking with einstein' about memory competition and memory palaces, I thought this could be a great platform to create an app that builds and maps memory palaces out of your own physical spaces (like your house, friend's houses, office, etc) and uses the maps it creates to train your memory (so you too can memorize the order of two decks of cards in five minutes).
I could imagine Android-like "face unlock" for laptops or screensavers that kick in when you're facing away or leave the room. :)