Small-wheel not folding warning!

This custom built bike was posted to the Fixed Gear gallery today and it's a corker! It's so close to a notional bike I have in my head and in the odd sketch - a small wheel road bike with obvious bmx lineage but lightweight road sensiblilities. I think it's a lot more elegant than the upcoming dahon hammerhead. If someone made these I'd have one like a shot! Maybe I should get a quote on a frame?

http://homepage.mac.com/w.rentschler/PhotoAlbum79.html