IIRC the F1 engine speeds topped out around 19,000rpm a few years ago before rule changes made everyone back them down again. VTRauder is right, only the springs are pnuematic on the F1 engines too.
This tech is pretty cool, and has some great potential benefits, but once the electrially driven actuators are viable for large scale production it will be overshadowed extremely quickly. According to the video, the air system is capable of only altering timing, it will still have a fixed open and close ramp, and lift. The electric systems that I've seen running with my own eyes are capable of infinitely variable adjustments of timing, lift, and ramps.