Yes that's pretty accurate, but hopefully some new products will be more successful
Why didn't you make fundable coins like the Casascius physical bitcoins? Every coin would have a Bitcoin address and a private key hidden inside and then they would be really backed up by real bitcoins like the Casascius coins.
They look awesome regardless!

If i understood his intention was to be something like a bank. Whoever had those coins would actually hold the real value(without having the priv key) of those coins to trade with other people or return to him for the actual coin value. Erm, i think thats why each coin in the pics have a different code on them (just like usd's or euros bills)
I think he didnt chase it much for them to succeed and now selling them as is to cover his costs for making them.
That said i may have misunderstood their point, though im gonna try to make the back side flat (the side that says "new orleans") of the coins i ordered, and print out private keys for each to stick there, just like casascius ones. If i succeed you will see a thread popping up in here in a few days
