Cool looking helicopter. If would not be even close to an ultralight in the US, indeed it's claimed maximum gross weight is higher than that of an R22 Beta II. Other spec's appear to be about the same as an R22, except for baggage space which is substantially improved by probably a factor of 8!
Sadly, with a turbine, electronics and carbon fiber, it seems rather unlikely it will be less expensive to obtain and maintain than the old 22. It might not auto any better, either. Still, a FADEC controlled turbine...fingers crossed!