This robot can ride a bicycle! It actually balances and rides just like we do.
There are a couple of things that I think are interesting beyond the fact that a robot is riding a bicycle. The first is that if you look closely at the first few frames of the video, you'll see that the robot starts with his foot down. He actually lifts it up to start just the way you or I would. Very nice.
Second is the comment the designer makes about how he thinks that skills are just as important as intelligence in AI. To me, this sounded very much like what Jim Wiltens says about the difference between "knowing" and "doing." His point is that in general what you do is much more important than what you know. It made me think that the same may be true in artificial intelligence.
Regardless, a little foot tall humanoid robot that can ride a bicycle is pretty cute.