Golden Shellback Waterproofs Your iPhone?

I saw Golden Shellback on Tekzilla (video link via Engadget) over the weekend and still don't believe it. How can it be true? One vacuum applied coating and my iPhone will forever be safe from water damage, inside and out?

They claim to have had gadgets working fully immersed for days on end, but do say that it's a one-way process: the coating don't come off.

Though not released to the public yet, I believe Partick Norton quoted the application price as being somewhere around $75 but would depend on the size of the gadget.

Gizmodo has a hands-on, but still... Seems like magic, doesn't it?

Would you trust it with your iPhone?

Rene Ritchie is one of the most respected Apple analysts in the business, reaching a combined audience of over 40 million readers a month. His YouTube channel, Vector, has over 90 thousand subscribers and 14 million views and his podcasts, including Debug, have been downloaded over 20 million times. He also regularly co-hosts MacBreak Weekly for the TWiT network and co-hosted CES Live! and Talk Mobile. Based in Montreal, Rene is a former director of product marketing, web developer, and graphic designer. He's authored several books and appeared on numerous television and radio segments to discuss Apple and the technology industry. When not working, he likes to cook, grapple, and spend time with his friends and family.