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This is nothing new. Boards like these have been around for nearly as long as m.2 drives.
Yes. Yet another example of press release journalism.
Very cool add-in card, it’s really too bad mainstream consumer CPUs don’t support 32+ PCI-E lanes; can’t use this with a dGPU.
Modern AMD CPUs have 24 PCIe 5.0 lanes, and decent modern GPUs like the ARC B580, RX 7600 XT, RTX 4060 Ti only use 8 lanes of PCIe 4.0. That would leave you with 16 5.0 lanes, which isn’t too bad.
Price?
The last i saw doing that had cost over $400.