That sounds very impressive and all, but I don't see it happening any time soon.
No, I take that back, they made the Space Shuttles even though from most points of view they were very bad ideas.
People use conventional rockets because they work. They aren't exciting anymore, though. If an expensive, inefficient gimmick is what's needed to get the space program up and running again, fair enough, even if rockets are better in the ordinary sense.
At the moment though, I don't expect to see much money being spent on the space program, when everyone is worrying if there will be another world financial crisis.