Please stop spreading bad UX, leave page flipping to actual pages/paper.
From a technical perspective, it's cool. Please don't use this on real sites!
Ornament does not impact usability. In your two listed examples, they do not influence how the user interacts with the software.
This page flip is an example of mimicking real-world interaction and not just appearance.
The BAD kind of skeuomorphism is mimicking real life object behavior, when a different approach is both possible and more easy to use in software. That is, UIs like this:
http://codecpack.co/images/BlazeDVD.jpg
It has nothing to do about having faux-leather on your background.
Page flipping, which Apple uses in iBooks, is such an example of bad sceuomorphism.
But most other Apple's sceuomorphism criticism is about irrelevant fad designer preferences for clear-cut modernist LOOKS (e.g Metro style, flat etc). Those things are fads, and come and go. The same guys were all over "lickable interfaces, drop shadows, embossed elements, etc" a few years back. Actually, circa 2005-7, it was a whole movement of developers using such visual sceuomorphic and ornamental details, named the "Delicious Generation".
To see that the LOOK part of design (and not behavior, e.g look&feel) is all about fads, consider the case of Jonathan Ives again. The same "minimal, aluminum+glass" guy, was the one who designed the flower-power iMac back in the day:
It's nice to see the web platform is capable of effects like this and I think the "usability" complaints in other comments are lame. You could use this to hide controls underneath a UI (ala Maps on iOS), for example (though maybe if you're "zen of palm"ing it you'd rather minimize clicks and put buttons everywhere, your choice); it doesn't have to replace scrolling.
This "page turn" skeuomorph really bothers me. If there is to be any animation at all, it should be to cover up load time, and the user should not have to click and drag with an extremely RSI-incuding stroke to get the page to turn. It feels like the page weighs 50 pounds. Digital interfaces are not material. They are supposed to be frictionless. They are supposed to take the work out of interaction.
I want to click on the right side of the page and have the animation quickly play so that I can get to my content. Focusing on the entire page flip takes me right out of the content.
I know that a book in real life takes some effort to hold, and some effort to flip a page, but designers should really reconsider designs that "look pretty" but keep that same effort around when they translate a book into a digital format.
I cringed when I first saw this kind of behavior in Flash. One or two people figured out how to program a page turner, released a tutorial and everyone was off to the races to create their own. Excellent programming exercise - extremely bothersome UX. Now we can see the entire thing play out again, in high def CSS!
Totally doesn't work on my iPad.
Screw the misplaced hate and self-righteous UX criticisms. This is a tech demo. Much like chrome experiments. Appreciate it for what it is.
Interesting concept, but the user experience is seriously lacking.