GM & Segway PUMA: no winner here

Today on the streets of NYC, GM unveils its collaboration project with Segway on a new 2-wheeler 2-seater vehicle. The PUMA, Personal Urban Mobility and Accessibility, can reach 35 mph (no highway) and go up to 35 miles on a charge and cost 35 cents to charge.
Clearly, this vehicle has not be thoroughly thought through. Essentially, they're developing a new mode of transportation without a market, a place to travel or a plan for its release. The companies hopes cities or colleges will set up special PUMA travel lanes, like bicycle lanes. Sounds like more congestion to me. Can't blame them for trying and turning over a new leaf, actually this is commendable. This is a complete 180 from their reliance on heavy and large fossil-fuel cars and trucks.
Chris Borroni-Bird, director of the project for GM said, "Pumas might appeal most in densely packed cities in places such as India and China. There they would seem a big step up from bicycles. Americans, who are used to cars, might not take them as seriously." Exactly. He just admitted that this isn't a vehicle that America needs. Let's take look at some quick facts:
Fact #1: GM is running on $13.4 billion tax payer dollars.
Fact #2: Alternative transportation devices make sense since GM's domestic car sales aren't selling--almost down 50% this year.
Fact #3: No one looks cool on a Segway.
Fact #4: It is possible to look cool on a bicycle, unless you ride a folding one or a tandem.
Fact #5: But hey, GM bought out the Specialized bicycle company last year. (I know, I know. Bicycles are not nearly as profitable as EVs or Hummers)