Anyone know anything about Austro's AE110R? Specs looks very similar to Rotax 912

Before you get to excited you should know it is a twin rotary engine, not a piston engine.  Their current marketing appears to be for UAV and if they get it certified I am sure that the cost will be more than the 912iS.  

In my experience the problem with rotary engines is fuel consumption, it generally is very high compared to piston designs.  Perhaps they will solve that however the inherent design of the rotary is why Mazda stopped using them also.  Norton in the UK used to make them for UAVs, they could never solve the fuel burn problems.  (Norton was a dual rotor with 90 HP decades ago)  

Cheers