It is interesting, I remember seeing this awhile ago.
Is the game industry even really into the idea of this? They never really went into if the job of a texture artist for say, a gun, or, a stove is changed or eliminated. I'd hope its not. All in all though it seams to be a technique applied to the raw environments like trees and stuff.
I seem to remember reading an article saying this sort of voxel rendering doesn't have the ability to be animated well. Hence why everything on the demo is fixed and static. Even if this were implemented into a game it would be most likely that weapons and characters would need to be made using regular poly and texture work so that animation could take place.
There's also a lot of funny comments accusing the makers of the technology of swindling the Australian government into funding this questionable project.
Ah, thats funny lol.
I think its a good 'idea', but honestly there isn't anything wrong with the current techniques done to create assets in current game engines. Cry Engine 3 for instance looks amazing, but obviously if you put a textured tree up to a completely 3-Dimensional tree, the total 3d tree is going to look better.
It seems like this would lengthen the process as well.
Oh, not to mention this method would require Autodesk to do a lot of coding and re-scripting to make 3ds capable of animating the voxel rendering technique.
Notch had some interesting stuff to say about Unlimited Graphics: It's a scam! : The Word of Notch
saw that one too - would be an awesome concept if real, but it do sounds like a hell lot of work to make all that geometry
"The object of war is not to die for your country but to make the other b****** die for his." - George S. Patton