This is the ASUS Advanced Project 2010 showcasing the technology of tomorrow, today.
The ASUS WaveFace concept was introduced at CES 2010 (Consumer Electronics Show). The WaveFace is actually a set of wearable smartphones and other electronics of different designs and features.
ASUS demonstrates it to us in a video. While the wearable concept is not new and so are many of the other features, it is still very cool and futuristic and well worth watching.