>>238171I'm not sure what the advantage of this would be over a hammock unless you were spending an extended period of time in a swamp. You can can get a Hennessy Hammock complete with a rainfly for ~$250 and <2 lb.
The tentsile is kind of neat as a proof of concept, though. The one thing I hate about hammocks is that your head and feet are pitched up into the air at an angle, and your body is funneled into the center. With these triangular things, the floor is more flat, and the roof profile is closer to a traditional tent, actually letting you climb around inside (a little). Again, though, I'm not sure what the point of having it elevated in the air would be unless you do all your camping in swamps. Just use a regular tent that sets up on the ground and bring a big air mattress.