Looks like the TEC approach to those 'bay water coolers'. I would think that since they mention condensation, but blow it off makes me think that the unit either
A) doesn't work well enough to allow condensation to build up (they even state this in the video that condensation could happen, but apparently not with this unit) explain to me the point of a below ambient cooler if it isn't always working below ambient?
B) the cooler works primarily as an air cooler with some TEC action in on occaision (otherwise, under constant load, wouldn't the issue of condensation become relevant in about 5 mins or less?? See A)
C) for the money, you can do as well with a good air cooler. Even a water kit at $179 would outperform this cooler, even though TEC is usually thought of well outperforming watercooling, although it usually needs watercooling to cool the hot side of the TEC unit. (In most PC applications, anyway).