Forget about tracking software: You are the most effective monitoring device.
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This information somehow reminded me of the short story by Ray Bradbury, The Veldt. So, you may guess my position regarding your questions.
I think technology is a wonderful tool in education, medicine and art, but not a fix-it-all kit of answers to every mystery in the universe as sometimes it is portrayed. Programs like the one presented are interesting intellectual endeavors but the actual benefit of such an attempt is still questionable. It would be hard to determine what influences who, the brain influences the machine or the machine predisposes the mind?
On the other hand, if this attempt is really positive, it is sad to think that such technology would only be meant for a privileged few. As I would think it would be very expensive.