This project reminds me of the US government's failed TOTAL INFORMATION AWARENESS program.
http://en.wikipedia.org/wiki/Total_Information_Awareness
Very similar to imperial cartographic traditions (the assertion of omniscient presence, the all-seeing, celestial eye, etc), the logo for the program said it all:
http://en.wikipedia.org/wiki/Total_Information_Awareness#The_IAO_logo
But, in the end, I'm really glad that MIT is making the world safer, more understandable and more visible for all of us and not for the bad people. Even better, it seems to be art since it's at the Venice Biennale, so I'm sure there is nothing scary, imperial, colonizing or threatening about it.
</end deep sarcasm>