Canon Wonder Camera Concept promises single-lens perfection (video)

I don't know how I missed this, but this looks sweet. This will be the death of all SLR cameras.
Here is what Engadget had to say...............

You know all those precious lenses you've been stockpiling for your SLR since the 90s? They're still safe for another couple of decades, but in round about 2030, you're gonna be trashing all that glassware and buying yourself a Wonder Camera. Why would that be? Canon is pretty confident that by then it'll have figured out how to do a single lens capable of going from macro shots all the way out to a 5000mm focal length. And yes, apparently it's small enough to fit in a young girl's hands. This non-interchangeable lens is backed by an all-touch interface (say sayonara to your knobs and dials), an extremely high-resolution sensor, and image stabilization so advanced as to make shooting at that unspeakably high zoom range a viable option. Finally, the whole lurid dream is topped off with video-only capture. Canon argues you won't need to shoot stills when its video is capable of keeping everything in focus all the time -- you'll just pick out your favorite scene from the movie reel. Go past the break to see the highfaultin video demo.