Playing with the numbers here:
http://web.mit.edu/lochie/www/erange/main.html
...shows it can be made to work, provided the thing has very low drag (I was using a battery specific energy of 200 for a LiPoly cell). Given it's a streamlined blob with stubby wings, that seems vaguely plausible.
Anyone with a better grasp of the principles want to comment?
Update: I found their tech page (see link upthread). They use lithium ion. They have about the same specific energy as lithium polymer.
edit: this is also very generous because it assumes you don't need to takeoff and climb. Max cruise on the SR-20 is 155kn so the power requirement is as much as 20% greater
Their mission is to release to the public in 2025 however, which makes the goal much more likely to be hit with improvements in technology.
Also, what about helicopters? I guess the pilot might still have control after losing power because the blades would still be spinning?
Can't put 1,500kg into a Cessna - but if you are happy with 130kg of batteries for 50-60 minutes of max flight time, you can buy the Pipistrel Alpha Electro today.
What would be interesting would be a very long power cable - a mains lead - that took the thing to some useful altitude before detaching. I can't see myself having a reel of copper, 1km long in the back garden any time soon though.
[1] wrote my thesis with them, http://openbatt.org