MyJets Fractional Seat Ownership

I'm not someone who does a lot of travel for work, but for those who do the costs of flying back and forth can really add up, both in money and in time. To appeal to part of that large market of people, MyJets is now offering a program called FSO, or Fractional Seat Ownership.

For a one time fee of only $40,000 per seat (ouch) and then a cost of $150 per hour of flight time (plus a small monthly fee), you too can have the convenience of a private jet -- only without the private part. Albeit you will save time not driving to and from a big commercial airport and not waiting through long security lines and all that, but the price still seems a bit steep, doesn't it? I guess for some in very specific situations it might be economical and/or convenient, but I'd be really curious just what the conditions are like on board the plane. The photos don't look all that convincing...or maybe it's just me?