Really great stuff, I can't wait to try that. Maybe it will finally be a solution for lonely players like me who don't improve.
HOWEVER, I still want to warn most people that they shouldn't have their expectations too high. Physical limitations (ie delay) will hinder your play. Not to mention lag (don't know if this will be better than 64 on that aspect, but I hope so). Since everybody has always played at 0 frames delay, 2-3 frames will seem a lot at first. We get used to it easily though, there might just be frustration in the beginning.
I don't want to be negative or anything, as I said it's really great that's happening and stuff, but we don't need people bashing online even more after that ("fake smash, etc"). Playing online is knowing and accepting the disadvantages (obviously compensated by the huge advantages).
Don't know why I felt like writing this, it's mostly common knowledge I guess.