There is one potential benefit in having a shoe wrap over the top of the foot, in that it could make for a secure fit that doesn't impede movement at the ankle. It remains to be seen whether this design accomplishes that of not (and with the lugs and bad shape, I'll probably just ignore the shoe if it ever does come out). Since the anchor point is behind the ankle, I predict that it fails in even this regard.
TJ, that's a hideously-ugly foot. It reminds me of what a woman's feet look like when wearing wedge-heels - Just a stump.