seems like a similar technology, which was used in helicopters for Osama mission. those helicopters had a technology to bend sound waves, so that they cant be detected by radars, this one is to bend light
I heard about the breakthrough around 3 years ago. They must have started manufacturing hidden cloaks. Howevver, it is only partial invisibility because the light cannot simply pass through - it only wrap around the cloak
it is due to poor video compression. you might have seen colors smudging across frames in low quality videos on youtube.
this video is available in HD, but it has same poor quality. so its just a bad video thing.