EESTOR news: will lithium ion batteries be obsolete?

This just in, an amazing post about the company EESTOR, which is subjecting its "ultracapacitor" storage technology to outside scrutiny in expectation of a big announcement on next steps. EESTOR could turn the energy industry upside down by producing an alternative to batteries - this would be huge for plug-in vehicles that could charge and discharge without worrying about battery degredation. Also an ultracapacitor can do a deep discharge, unlike batteries, and therefore can apply more energy to applications. This could replace lithium batteries as the energy storage medium of choice for electric cars. It would also allow storage for solar panels and other distributed generation throughout the grid: it would give the smart grid power to draw on as needed, something that could change everything when paired with the real-time grid management provided by smart grids. Best of all, for plug-in cars, EESTOR's ultracapacitor can fully charge in a few minutes - allowing it to be more of a substitute for gasoline than batteries that need 8 hours (the EESTOR unit could also charge the same way, 8 hours overnight). As a smart friend of mine put it, EESTOR would be like "flash memory for the grid." Lockheed Martin has apparently locked up all options for military/homeland, and a Canadian car company, Zenn Motors has rights for vehicle sales. The Lockheed interest is not surprising since this would be huge for RPVs, extended range and time on target energy. Also, Kleiner Perkins is also deep into this, as the post from BariumTitanate blog notes: http://bariumtitanate.blogspot.com/2008/07/eestor-beyond-permittivity.html. If EESTOR's technology turns out to be true, it will be simply amazing. We'll see.