Kind of like those water tanks that let you swim in place, it lets you ride around a track in the sky (or row). It also has practical applications should the infrastructure ever get built. It seems to me that it may make more sense as a personal than public device - and it looks like fun.
Here's a link to the video: http://youtu.be/PLQ_6yJApRQ
And, here's kind of a similar invention, the 1892 Mount Holly and Smithfield Bicycle Railroad - proving once again that when it comes to bicycles it's hard to come up with something that hasn't been dreamed up in some form before.
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