In fact, no it doesn't. Such transport systems have been proposed for many years now and has been prominently featured in many a science fiction book. The question is when the technology is mature enough to realize the system without it being cost prohibitive, I.e., low cost, light composite materials with the strength required, high strength super conducting magnets, etc. It is really basic stuff.
Clearly you have no idea of how technology is developed, as otherwise you would have realized how ignorant that statement is. But why don't you give us some insight into what areas you think we have cheated in also?
Uhm, yes. As was planned for many years.
Yes, and you are aware that they are currently developing the replacement, right?