Your eyes deceive you. There are 6 separate pickups.
And it's certainly better than the MIDI Guitar plugin, which has horrendous latency. The iOS app is even worse, to the point where I want my money back.
The YRG Gen2 is only slightly better than the Gen1, and it's still built for crap. A toy, nothing more.
To me, there are only two options: Fishman Triple Play, or Baby-Z (or higher). The latter is only $200 more than the FTP, and is every bit as accurate and low latency as a keyboard controller.
But it looked like a strip, and put on body of guitar, not right under each string etc. I thought it looked cheap with little chance of success - at least 5mm or so up to strings. Separation can't be that good.
I don't know if their Powerbridge might work together with Triple Play system. But as I read it was not really 6 different signals there either.
But you maybe seen it more closely than I have.
I still have my hopes for Line6 to do something. Their Variax system has 6 different pickups and they know pitch tracking really well. I put a feature request as well as post in their forum.
Post something here maybe if you like the idea:
Let's say they fix an addon box for their VDI cable to a midi box, would be swell. Potential being the best midi solution for guitar ever. So much easier to track one signal from each pickup than trying to be polyphonic. And Line6 has the knowhow to do this already - the way they handle different tunings and virtual capos etc.