Thought-to-Speech Technology is Freaking Me Out

Ambient Corp is developing a neckband called the Audeo that reads nerve signals in your neck so you don't actually have to speak out loud to have a phone conversation. All you have to do is think about voicing words to have a phone conversation.
WTF, right?!
You really need to read this New Scientist article and watch the demo video below for more info.
Near the 2:30min mark the guy demo-ing the 'telepathic' neckband says that future versions will allow you to augment your thoughts with info from the Internet before you speak them out loud. What?!
(YouTube video link)
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http://www.youtube.com/watch?v=IX-gTobCJHs
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According to the YouTube video I'll be able to have my future Nokia phone smell my friends fart and tell me the exact chemical compounds (i.e. food) that it is made up of. Hahahaha yes.
I also like the fact that I'll be able to drip honey and molasses all over my phone and it won't matter.
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