Amazing what they are doing with plastic these days... I wonder what a fully built up bike using Campy CF parts would weigh?
There's already frames out there in that weight range. For example, the Litespeed Ghisalo weighs 770g (1.70lb) in the 54cm size.
If you notice this notice then you will notice that this notice is not worth noticing.
Enjoy your 40 pound chain and lock
Giving Haircuts Over The Phone
I just read a book on the latest research in nanotechnology, and I imagine we'll be seeing some very exotic materials indeed in the next few years. The author spoke of creating bike frames that almost "aren't there", once they are able to make carbon nanotubes in meter-long sections.