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It seems like it can hover over land pretty well on take off. I wonder if he sticks to water primarily for the softer landing if things malfunction.
Most definitely: if he slammed into the ground after the malfunction, there would have been no second attempt, the prototype is too fragile.

Also, water provides uniform flat surface; spectators and their pets are excluded naturally without need for employing a small police force.

Isn't that just a "quad" copter that can lift a guy?