I saw this a while back when I was looking for alternatives to traditional valve replacement for my now severely stenotic BAV. I don't see it mentioned here. I gather this is not entirely new, but it appears to be a refined version with a new apparatus. Right now it is investigational and only used in patients who would not tolerate AVR. Perhaps it will be a good solution for me should I choose to go with a bio AVR next month and need re-operation in 20 years. Anyway, here is a description from the University of Maryland.
http://www.umm.edu/heart/avb.htm
http://www.umm.edu/heart/avb.htm