This isn't the only company to offer a $1200 high end twin tip, so there is definitely a market for it. Certainly a smaller segment since most boards are $500-$600. But we all screwed ourselves once we showed we were willing to pay $2K-$3K for race boards and foil boards! Now manufacturers know the market can tolerate more expensive boards.
This is common in several sport industries... Take Burton, for example, who every year releases some high end board which costs 3 times as much as their standard snowboard (this year it is the $1500
Mystery). They try out new technology and construction techniques for a niche group of riders who want to buy the latest. The features that end up working out in the market and production then make it into the standard boards the following years.
That's how I'd look at this board. If features like those water combustion channels end up being game changers for people, you'll probably see them in $600 boards next year. So demo one or talk your buddy into buying one.
Now...as for the acronyms and jargon, it is clear that manufacturers lock the marketing people in a room with hard drugs, strong beer and Jägermeister and don't let them out until the copy is complete.