My Differential Equations teacher's cousin is working on this project, or at least, a project with a similar intent. Pretty amazing stuff. We have to potential to make huge discoveries in science in the next ten years. For example, we already have LADAR, laser radar which can determine windspeed, air composition, and even the slightest movements from kilometers away. It's currently being used in the US Army for stuff. Also, they have this liquid that lets you breathe when it fills your lungs. It's used for deep sea diving suits, among other stuff.
Back on topic, this stuff is really amazing. In my opinion, anything electronic that makes a useful connection with your brain is awesome.