Awesome bendable bike!

Found this over at Engadget today. It’s a bike that is able to bend so that you can lock it around a lamp pole or something. Very neat idea! However, my only questions about it are can’t someone just unbend it and steal it? If that’s the case, he needs to make a lock for it as well. I also wonder how stable the bike is and what kind of weight it can support. It’s like, the material can’t be too solid, can it?