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1) 802.11N standard is not set yet. This is not 802.11N, this is 'Nish.

2) 802.11S, wireless mesh standard, is not set yet.

I will wait for the 802.1N and S standards to be finalized before I spend money on something that calls itself 802.11N with 'S capabilities.

Full duplex? That means, I assume, it comes in one radio and goes out the other just as fast, not listens and talks on the same radio....right?

Yes. Like your telephone, both sides can talk at once. Not like a simplex radio; I talk OR you talk.