Moss, did you read the comments on the PM web site? Among other things, it was pointed out that compressed air as a power source is hugely inefficient because of all the waste heat generated.
Compressed air locomotives (and steam locomotives that used stored steam generated elsewhere) were used in situations where the fire and smoke of a conventional steam locomotive would be hazardous. They were very inefficient devices, even more inefficient than conventional steam locomotives of the time, which disappeared rapidly once the diesel engine came onto the scene.
I'm betting we never see compressed air cars used by the general public.
Edit:
BTW, Myth Busters tried using compressed air to power a boat. IIRC, their best effort got the boat to move about ten feet before the boat ran out of air. The crowds were amused.