This is much like the idea behind the Segway, except that this is a self-balancing unicycle. The Solowheel appears to be a much less nerdy version of the Segway, however it still has not released and of the awkwardness it shares with the Segway. I find that no matter what way you design or make a Segway like device it will still retain that same awkwardness and it will definitely look very strange to be going around. The Solowheel will be coming out in March for around $1500, but unless you want to pay that much money to be riding a self balancing unicycle which makes you look both awkward and nerdy, it is definitely something to avoid.

Sources: Gizmodo Solowheel Cool Hunting