A funny video, but it does seem a bit like a solution in search of a problem.
While this might be true in this day and age, this tank was designed to do exactly what it does, allow folks to process a roll of film on the spot, with high speed, one step developers. Back then the film and chemistry had basically no cost, and what was important was if you had the image. News room eventually got automated minilab processors for color film, but this is a low fi, go in between that would have meant a first lady had her eyes open or closed for tomorrows early edition cover.
In any case - its oh so cool - so why not see how it works?