It would appear this has the same problem as the penny farthing - fine if you are going in a straight line but you can't peddle and turn corners. That was the reason the peddles were shifted from the front wheel.
Again how does the two wheel drive work when the front wheel is more than a couple of degrees out of dead ahead alignment?

I agree with Ivan - Seems to need more thought ...

ivan4,
That is incorrect. Cranks and pedals were removed from the front wheel not because of steering problems, but rather because of the dangers of riding high above a large wheel. Changing from direct drive to chain drive allowed multiplication of rotational speed via gearing, so bicycles could use smaller wheels. That's why the successors to the penny farthings were called "safety bicycles," because their big advantage was they were safer.

Some designs look like an accident waiting to happen. This design takes that concept to much greater heights by looking like an accident that has already happened.
I imagine that ladies will have to learn a whole new way of mounting the thing if they wish to maintain their modesty.
One thing they did get right is that it definitely has a look of its own.

A problem looking for a solution?

I find this design quite awesome. @Ivan: When you steer on a bike, it's actually pretty rare that your front tire is turning any more than a few degrees. It's only at crazy slow speeds that you are doing any real significant turning of the handle-bars. So I actually think 2WD would work well in regards to turning.
My bigger fear would be the amount of traction that contact gear/pully/wheel would have. The design isn't such a way that more force=more traction, so I'd be more concerned about having that thing: 1 slip, or 2: wear down my tire, or 3: cause way too much rolling resistance.
I'd like to see the 2WD feature be a "push-button" feature. (lever activated?).
This thing seems leaps and bounds ahead of that unicycle w/ a front training-wheel device I remember seeing a couple years ago on here and kickstarter.

At least it's not yet another crotch pounding, back breaking, hunched forward racing bike.

Why not put the pedals on the center wheel. Perhaps all the objections would get sorted !
Trying to push the pedal without being able to use body weight to start off is going to to be one major pain in the a**, literally.

@ Mel You mean ladies who want to cycle in a skirt or a dress. Some of us are quite comfortable cycling in shorts and pants and we manage to maintain our lady status in this attire. I agree though that it would be a consideration for someone who mainly wears dresses or skirts on their bike, but they can stick to the low diagonal frames.

@ Gregg Eshelman Great point!