World’s fastest Magnetic Levitation (Maglev) Train

The railway travel has been revolutionized with a novel technology called as Magnetic Levitation. According to Maglev principle, train is lifted from the track and ride over the track (called as guide way) without any wheels. The whole train compartments are lifted off above the guide way for about 10 millimeter by powerful magnets. The transrapid technology was first developed by a German firm.
China has launched such a wonderful fastest train ever in the history of this technology. The first test runs was from Shanghai River to International airport Pudong. The initial rocket speed of train is 430 kph (350 km per hour). They say it as Joyrides. For travel of 1000 Km, It would take only 3 Hours.
The tech experts say, it is 60% faster than the Bullet trains. This is mainly due to reduction in friction as there are no wheels. The total investment of the Maglev is 1.2$ billion.
If there are no wheels, no friction, definitely it would be a fantastic experience without any jerks while riding. This is really amazing technology giveaway and gift to New Year 2010.
In one way it is amazing, however, my suggestion is that if they spent all these money for innovation of novel technologies for fighting against Global warming, then the whole world will be saved and the future generations will be benefiting.