I've seen the intake and it is very well designed - from an airflow point of view.
Can an intake add this much power? Yes.
However, remember hp increases claimed are not always what you think. Most EFI intakes are tuned (heard the term 'tuned port'? These intakes create a sort of ramming or supercharging effect thru inertia , air waves, etc however, this only occurs at a specified rpm.
Back to hp claims - say we have to motors that are labeled at 500hp. Both motors make 500hp at 5200rpm.
One makes 450 hp at 4000rpm and one makes 350hp at 4000rpm. You can say that one makes a 100hp more - right. Yes. This was just an example - not depiciting two actual motors.
Anyway, what usually happens with these intake types is sharp higher rpm power decreases. One of these can actually drop off 50 or so hp in a matter of a few hundred rpm. It was tuned for a lower rpm, and because of it's design it totally cuts off airflow at higher speeds. So, by design, if you can creat an intake that is tuned for a higher rpm you could effectively make that much more power.
Another example not depicting any actual motors:
Engine A: 425hp at 4800rpm // 350hp at 5400rpm
Engine B: 400hp at 4800rpm // 450hp at 5400rpm.
Again, I'm not knocking on these claims. A very well designed intake, especially with EFI that let's you create tuned ports, can make a boat load of power. You just want to make sure that it makes it's power where you want it.
AZ's design makes a ton of sense and looks as if it should work phenomely - plenums up high and to the side with the long runners going mostly straight for their length and then being lined up straight with the cyl heads intake ports. Yeh, looks good to me - quite impressive. I don't know what cross section or exact length dimensions they used (this impacts power at rpm too) + have not tested one , therefore I am speaking from purely physical looks.