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So this thing, instead of doing multiple successive shots like in standard HDR, it integrates over multiple shots of single pixels. Integrating AD converter comes to mind. I am sure this improves on standard HDR but it just moved the turtles one step down. With this technique you may still get motion blur, albeit only on the otherwise saturated, washed out parts of the picture.
I don't think that's what they are doing.

They are simply throwing away the most significant bits, and recover those in post processing.

Finally we're getting started in that direction, I knew it was possible. Sometimes I wish I were a freaking hardware engineer :)