Fantastic video. It does indeed though there is a lot to do even in the current version but you have to choose to do this just for fun, there's no in-game reason to do it.
I hope future versions of Elite have strong in-game incentives (if not credits, smuggling reputation that can be exchanged or something) for players to incorporate the most interesting gameplay stuff liek this. You have to choose to do this just fun now versus regular trade route grinding -- both much more profitable and less risky -- though smuggling seems like so much more fun.
I hope the devs see this video and think, how can we get players to do try and do this often in our game?