I work as an EEG technician, with a background in electronics, and computer programming. This technology is most certainly possible, but in fact a real reality. The results are usually a result of part classical conditioning, and part cognitive neurology. http://en.wikipedia.org/wiki/Brain%E2%80%93computer_interfac...

This is not a huge leap from other devices like cochlear implants. Some of the newer implants use coils to avoid having wires pass through the skull. http://en.wikipedia.org/wiki/Cochlear_implant

Yeah, I think I'll have to see more evidence before I'll believe this exists.

The physorg article links to the original research paper, which is published in an open access journal that anyone can view. Perhaps you would be interested in video S1 in the supporting information section:

http://www.plosone.org/article/info:doi/10.1371/journal.pone...

It's not that wild really. You don't need a whole lot of information to get different vowels. Consonants are harder, but only in the sense that you need more electrodes and training time. The synthesis of speech (as opposed to the sampling of phonemes you usually hear in computer speech) is well understood and can be managed with (IIRC) about 16 parameters.

I'm hoping it's real but we should keep in mind the source is physorg.com