It is an issue in the real world.
The company I used to work for installed one of these in the woodshop department. The material they were cutting was a compressed laminated fiberboard, which has the ability to absorb moisture when it gets humid.
-Side story- The saw works by sending an electrical charge through the saw blade. When your finger (or something that conducts electricity) touches the blade, it grounds the system, and activates the device. As seen in the video, it shoves an aluminum block into the blade and drops the whole assembly beneath the table.
Anyway, the saw's safety device was activated several times. Not because someone stuck their finger in the blade, but because there was enough moisture in the fiberboard to activate the system. Yes, it essentially destroys the saw, and yes, it costs a lot to replace it.
As far as cutting something like aluminum, it probably wouldn't work for 2 reasons. 1) The aluminum would ground the system and activate it 2) Only blades specially designed to work with that saw will fit. So, unless they've made blades for cutting non-ferrous metals for that saw, it wouldn't be able to.
I think it's a great concept, but it's use is just too specialized. There is no way they could pass a law requiring its use, because they would need to certify that this saw will work with every material that will be run through it. It would also skyrocket the price of a tablesaw.