I've noticed their website describes how much lift this design develops (It has three wings, duh), but it doesn't mention how much drag it develops. When they tell us what the L/D for this design is, then we'll have numbers that tell us how "great" this concept is.
As for the "venturi effect" of the wing, if that's actually happening, it could be good at very low airspeeds, but I wonder if they've made the connection yet between accelerated airflow and higher drag? This design reminds me more of some of the stuff we would dream up in school; it's probably a lot of fun to play with, but not very practical. I can't imagine the structure being cheaper to build than a conventional aircraft.
Show me the actual aero numbers (non dimensional coefficients, etc.) that matter, then I'll decide if I'm impressed or not.