Dang dude, turn that sound track down!
It is less impressive when you hide the actual transformation with an off screen camera move. What would be nice would be to see time slow down and you pan around the character so we can actually see how the transformation takes place.
But it is a great start. Sorry if I sound too critical, I am highly interested in this technique and was just disappointed I could not gleam any how to out of your video.
I agree with Atom. Could we see the transformations slower? I get used to the overly maximized/compressed annoyingly loud sounds in videos. Not that it makes it any better when I hear another one.