Revolutionary - optics perhaps. But not phone. Or OS. No longer that is...
Doesn't seem that far fetched. It's clearly an answer to Googles Android glasses. You cannot talk about keeping your head up when using a gadget and not be referring to a HUD (head(s)-up display). I hear that MS are trying to do the same as Google and Apple (they've filed some patents for it) so they may be doing it through Nokia.