The idea is to put together a USB token containing a Linux distro and a smart card that will be used to provide security services, for encryption, authentication, and more. The idea definitely looks good: a self-contained Operating System with embedded smart card security (at least, there should be no problem addressing this smart card). To make it better, they intend to put a card that supports Java Card there, and we could imagine an API. Just add Java Card 3.0, and this would look quite perfect.
I definitely wish them the best for this project.