I'm pretty sure if it was as smart as they claim there wouldn't be any need to manually change the settings at all. There's no point in adding more complexity to a device unless it simplifies the user's interaction with the device or provides a massively better performance (which I doubt, mainly because suspension already works pretty well).
By fitting strain gauges/accelerometers to the top and bottom of the fork and a fork position and tilt sensor, with possibly a steering angle sensor too, it would be possible for the fork to determine whether it's being moved by the rider standing up and stomping or by bumps from the ground (With a bit of maths the superposition of these effects can be separated too) and what the fork is being used for and how it is being used. Once this distinction can be made, the fork will be able to respond correctly to input conditions from the point of view of lockout and damping levels.
Getting the fork to adjust its own preload, travel/length, sag and ramp rates responding to rider weight, technique and conditions (Different behaviour for a string of drops or under braking than for a rough twisty trail) as you use it would provide genuinely useful functionality that couldn't be easily copied by a fully mechanical system.
Changing the damping electronically to different settings depending on the rider's choice is likely to be no different to the likes of Marzocchi's TST as far as most users are concerned.
