Summarise it in one word.
Impossible, though "Alakazam!" was quite close.
Simply put:
The guy claims he has invented a propulsion technology which alters momentum of the object it is attached to,
without ejecting anything into opposite direction.
If we discount the fact that this is in blatant violation of all physics (mainly the conservation of momentum, which in many way
is the physics, this kind of technique would have several major advantages in space traveling, compared to rocket engines or ion engines or anything that uses propellant to create equal and opposite force. This law says that the momentum of a closed system is constant, period. This means that a rocket and its propellant can be seen as a closed system. If all propellant stays in rocket - or if the rocket runs out of propellant - the rocket cannot alter its own momentum. But if the rocket engine gives some of the propellant a momentum to negative direction, rocket itself gains equal momentum to positive direction.
A space ship equipped with this claimed, new kind of drive system would only need a way to produce ****loads of energy; it wouldn't need to transport propulsion matter within it. Obviously a fusion reactor would be ideal solution for energy production in space ship; it would allow the ship to carry the least amount of fuel. Of course, it the reactor was also Helium compatible, the helium could also be fused, but let's just get Hydrogen fusion working first...

The advantage in ship building costs would be awesome, since there would be no need to carry vast amounts of propellant with the space ship in equally gigantic tanks.
But the greater advantage would be that there would be
no maximum reached impulse, as there is with engines ejecting stuff backwards at velocity v. Normally, the maximum impulse a space ship can get is
I = d m * v
in which I is obviously impulse, d m is the mass change of the ship (ie. how much propellant it uses in mass units) and v is the ejection speed of the propellant.
If impulse change was possible without mass change, the ship could keep accelerating as long as it had energy to produce. This would enable ship to use the fastest way from A to B; accelerate to halfway at constant acceleration a and then decelerate the rest of the way with -a acceleration.
In short, if this thing really works, the conservation of momentum is screwed, which will require some pretty damn heavy modifications (read: scrapping and building from scratch) to every single bit of physics ever built, starting from classical mechanics and proceeding to General Relativity and Quantum Mechanics.
It will also open new space traveling era if it really works and can be yielded (and if it works, why couldn't it be...)
Even as unlikely this is to really work, I find it intriguing nevertheless.