Is the world about to be changed by magnets!

How would the world change if... someone could create a way to provide free, clean, and constant energy?

Forget cold fusion people... the way of the future is magnets - apparently!
Today an Irish company- Steorn- is due to demonstrate their Orbo Technology which claims to achieve free, clean, and constant energy.
In doing so they will defy the laws of thermodynamics, and not only, not lose energy in the process, but actually gain energy (claimed energy efficiency of 400%).

To dumb it down considerably- they plan to make things go round magnets and when they get back to where they started, instead of losing energy they will actually have more energy than when they started.

I'm no scientist, but I know enough to know that if successful this will change the world as we know it. So rather than rehash the available info check out these links:

Steorn website
Wikipedia: Orbo technology
Free Energy Tracker Blog
Kinetica Museum announcement of demo