Ed, you aroused my curiosity, and so I went looking. The fact that it's biomass sourced is VERY appealing to me. If it can live up to it's claims and is derived from sludge, I am 120% for it.
http://www.magnegas.eu/how-it-works-content
As for me, from what I found, Magnegas isn't quite ready for my shop at least:
http://www.bizjournals.com/tampabay/...r-not-its.html
http://www.bizjournals.com/tampabay/...didnt-say.html
That's not to say that someday it won't be a very viable fuel gas, I hope it can prove itself and become a viable fuel in the future.