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K1W1, try reading the site yourself, here, this is taken from the index page to the site
"Capable of landing virtually anywhere on land or water without need of ground infrastructure and carrying payloads ranging from 20 to 1,000 tons, the SkyCat hybrid air vehicles offer a uniquely flexible and cost-effective solution to a broad spectrum of market and mission requirements."
this is not something that is as you say "smoke and Mirrors", as i have seen one of these in flight over Long Beach about a year ago.
this is classified as a Lighter than air aircraft, and would require the same licensing as such.
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