My wife and I took a couple of Dahon folding bikes on a world tour last year, which meant they had to fit into a standard airline check in bag size. That means 1580mm max total dimensions of the bag, and under 23 kg. So small bikes are of interest, since the trip was successful enough that we would love to do the same sort of thing again. This looks like a promising design, but I would echo the question someone asked above, what is the gearing like. It is hard to get a high enough top gear with small wheels. Not that you are going to want to go extremely fast…my Dahon has the 16 inch wheels and an 8 speed derailleur. The bottom gear is plenty low enough, the top could be a little higher but it is really hard to do that since you need a larger front sprocket. It has been done but they are hard to get, I might have to make one. The gear hub inside the back wheel is a good idea, again provided you can manage to source something suitable.
The other thing I would suggest thinking about is a carrier of some sort. My wife's Dahon came with one and it does not significantly affect the folded size. I had to buy and fit one for mine, which meant a bit of modification on the milling machine, but again it can be left on when folded and still fit the airline bag. I did fit it using quick release fasteners so that it can be taken off easily. Even if you do not plan airline travel, one of the good uses for a folding bike is trips to the shops from either a small apartment or even a caravan or campervan. (US RV) You may not need (or want!) to carry a lot of stuff but it is a handy thing to be able to do. We were able to fold down the big bag once the bike was out and strap it on the little carrier, wear the carry on, and bicycle to our bed and breakfast places.
The Dahons are around the 11 or 12 kg mark, which leaves a bit of extra available in the bag to carry clothes etc. Between that and our carry on bags, we were able to travel for two months quite comfortably. Of course there are little expedients to keep the weight of the bags down, like wearing the camera and keeping the lenses in my pockets.
Bikes are a bit frustrating, when you think that the 12 kg or so of mostly aluminium should be able to pack down into under 30 litres or so, if only there was a simple way to do that. Well, we could pack it down OK by melting it, but getting it unpacked would be more of a challenge.
John