wah, wah, wah. oh si
i think it would be a watercraft, with wings that small I don't think it could hover much more than a few feet above the water's surface (look up ground effect vehicles)
I wonder what permits you would have to have for it plane ,watercraft ?
that thing looks awesome...looks like its about to crash at 1:08
that was kool..but the best part of this video was "the gare-raje"