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The site is temporarily shut down but you can still see a pretty neat picture on that page.
It`s not creepy. Basically it`s just concrete with thousands of little glass fibers in it, which is what makes it translucent. Even if you were to build a house out of it, all you would have to do to preserve your privacy is put the lamps along the wall instead of in the center of the room, which is what most people do anyway. As long as the light is between you and the wall, and you`re not between the wall and the light, people won`t be able to see your shadow from the outside.
And to whoever made the "glass houses" comment, what they say about people who live in glass houses is that they shouldn`t throw stones, meaning that people shouldn`t be critical of others without examining their own behavior patterns for similar actions first...so I`m not sure how it applies.
Anyway.. Kind cool, but kinda pointless.