Comment I've met the researchers, this story is overblown (Score 1) 81
I've met some of the researchers in this lab, and I've attended talks on their work. They definitely don't mean this prototype to be represented as a practical paperphone device to be sold anytime soon.
The prototype is being used simply to investigate bending gestures as a means to UI navigation, complementary to touch and buttons. From what I recall their results have been promising for certain types of behaviour, and it certainly is great to have this level of basic investigation being done long before these types of devices hit the market.