What I would like to see is the research where they figured out how to trace the neurons and connections. I think the structure of the brain is more important than just the mimicing the action. Given that the brain can "rewire" itself based upon need, I think the chip needs to have a capability to dynamically change itself, similar to a FPGA. The combination of this chip and some dynamic rewiring could lead to some interesting results.
PS: Satire is fine, but only if the people it is intended for are smart enough to understand the message. Just a thought.