Is Hyperchip Hype?

Peter Galbraith writes "There was an interview on CBC (here in Canada) last evening about Hyperchip, a Montreal-based company that are working on a new type of router that would scale up 1000 times in traffic (so wouldn't be obsolete in less than a year) and would pass packets to their destination in a few hops instead of a dozen or more. Any experts out there think it's hype? Or real?" The explanation on Hyperchip's "technology" page is pretty thin, but considering they just raised $70 million, I hope they've given more convincing details to their investors.