Ok, not really. You can still go back into recovery (uses modified hellraiser kernel) and do whatever. Nandroid, flash something else, you know, the normal stuff.
This is a TOY. Nothing more. It just boots. That's it. No touchscreen. You can unlock using the menu button if you get bored. And you will get bored. There really is no point to this other than as a simple proof of concept, and I saw other phones getting all the glory.
Have fun kids.