A New Folder?

Mercedes Benz look to be releasing a new folding bike in April 2008, according to the AUTO Spectator. Usually this type of press release would be based around a rebadged Dahon or some AutoCADed piece of vapourware but the accompanying photograph shows a real bike of a design I've not seen before. Not too many conclusions can be drawn but it appears to have full suspension, an integral rear rack and use Capreo gears and disc brakes. It reportedly folds to 800x800x280 mm in 2 steps. Any additional information would be welcome.