Video: Powered Hang Gliding - The Perfect Way To Fly Cheap?

My mind is being twisted really hard this morning... I found the video above and of course enjoyed it immensely with its great overhead view of flying a hang glider at higher altitudes over the broken clouds of Greece. But it clearly must have been powered, so I looked a little deeper and learned of the power pack that some of these guys use that's mounted just behind your feet. You can see how all this works in the other video below from youtuber kmaro1973 - it's an unusual arrangement to be sure, but it seems to work very well.
What I find most interesting about all this is that there seems to be several advantages of this style of flying machine over other lightweight and relatively inexpensive concepts like traditional ultralights and paramotors. These powered hang gliders have very low drag due to very minimal structure (not requiring much in the way of draggy support cables) and a sleek dual surface wing along with no normal undercarriage and no pilot sitting in an upright position making all kinds of drag. The horsepower required can be very low (15hp) which helps keep the cost down both initially and for fuel. Compared to the paramotor you have less drag with the prone pilot position and from not having a massive collection of suspension lines being drug thru the air. Best of all, the powered hang glider gives you a real flying-like-a-bird flight experience!
For someone like me who lives in the flatlands and has a very minimal budget for flying (but a desire for an awesome flying experience) the powered hang glider appears to be a fascinating answer. It folds down to transport on top of your car, stores in a small space and looks amazingly fun to fly. It would even encourage a guy to lose a few pounds and stay in shape for the foot launching! My eyes are just opening to this form of flying, so I'll do more research on the state of the art and report back later... but for now I hope you enjoy these great videos.
Screenshot from the video below showing the propeller behind the prone pilot's feet