Quoted from the Time article:
With Ginger, as with the IBOT, Kamen explains, "the big idea is to put a human being into a system where the machine acts as an extension of your body." On first inspection, balancing on Ginger seems only slightly more feasible than balancing on a barbell. But what Kamen is talking about is the way Ginger does the balancing for you. Lean forward, go forward; lean back, go back; turn by twisting your wrist. The experience is the same going uphill, downhill or across any kind of terrain--even ice. It is nothing like riding a bike or a motorcycle. Instead, in the words of Vern Loucks, the former chairman of Baxter International and a Segway board member, "it's like skiing without the snow."
Exactly how the Segway achieves this effect isn't easy to explain; Kamen's first stab at it involves a blizzard of equations. Eventually, though, he offers this: "When you walk, you're really in what's called a controlled fall. You off-balance yourself, putting one foot in front of the other and falling onto them over and over again. In the same way, when you use a Segway, there's a gyroscope that acts like your inner ear, a computer that acts like your brain, motors that act like your muscles, wheels that act like your feet. Suddenly, you feel like you have on a pair of magic sneakers, and instead of falling forward, you go sailing across the room."
Pulling off this trick requires an unholy amount of computer power. In every Segway there are 10 microprocessors cranking out three PCs' worth of juice. Also a cluster of aviation-grade gyros, an accelerometer, a bevy of sensors, two batteries and software so sophisticated it puts Microsoft to shame. If Kamen gets irked when the IBOT is called a wheelchair, imagine his pique when--if--the Segway is called a scooter.
The article also mentions that it will move at 3-4x walking speed.