The exciting technological developments outlined in this video are sure to pave the way for extremely interesting future inventions and services.
This has been done many times before, and probably done better. Presented for your viewing pleasure anyway is my take.
You can read all about the Turbo Encabulator and its quite long history:
Other companies have done their own versions of the spoof, most notably Rockwell Automation and Chrysler Corporation:
Rockwell Automation’s Retro-Encabulator: http://www.youtube.com/watch?v=RXJKdh1KZ0w
General Electric produced a printed catalog page describing their “Turbo Encabulator”. As of this writing, these pages can be viewed in the Wikipedia article linked above.
See also: Write Only Memory http://en.wikipedia.org/wiki/Write-only_memory_%28joke%29