Images via LAFixed's LYCRA MAFIA thread.
I'm going with fail. How rideable is a bike that weighs in at 9.75 pounds? Probably not at all. You go over a few pothole and your bike might explode into a carbon mist. Dope concept, but not really practical. Weight weenies are the audiophiles of cycling.
BTW, check out that stem cap if you missed it the first time.