Got a chance to play around with this over the weekend, and there were positives and negatives.  It definitely isn't a remix app (I also thought it might have been that) or any other existing genre pasted onto an album.  It is an exploration through sound involving a spacial interface (somewhat similar to the project I am working on now  

 ).
In the end, it was intriguing enough that I spent 15 or 20 minutes having fun playing around with it.  In the end, though, my big disappointment was that I never was able to find a result that sounded like a complete music composition.  The different tracks were separated in space, and therefor you could never hear them all together.  Since the experience is delivered to the user as a music album, I was disappointed that I never got to experience the actual composed music.  Still, a neat little toy.