Hmmmm...
Part of me wants this to be real so bad. The other part says: just buy a TE.
If it is real, it's a fantastic way for more people to get into the turbo/PCE, without driving up prices on eBay hardware.
All that said, I don't think it's real. Not enough people want straight up turbo gear to make a factory run type investment. Just the prototyping would cost more than they could reap.