Huh.
Of course the fact that we already have a spiffy little device called an MRI (magnetic resonance imaging) that, when coupled with a fairly spiffy computer and given enough power, can produce real time images of thingies and stuff. Getting color information would be a tad bit tricky unless you already had that programmed in.
Could be legitimate, could be completly full of ****. I'm going with completely full of ****, because the device shown there does not have enough surface area, even if the entire thing is a high density magnet, to generate an electrical field strong enough to harm a human body. Unless he is also coupling it with an xray tube.
Also, the panelling for a comanche helecopter is pretty well acocunted for, exactly because they really don't want people running tests on it to find out how to defeat the stealth elements. It is curently only made in 1 factory, and the material is subject to rather strict accounting proceedures. If someone from MIT had a piece, which is plausable, they would not risk letting it out of their posession, because they would no longer get to play with government technology if it were found out, and they would go to prison for a little while.
I dunno.