COBOL brochures said pretty much the same thing in the early 60's, and Fortran brochures before that.
See also: [link|http://www.c2.com/cgi/wiki?CodeGenerationIsaDesignSmell|http://www.c2.com/cg...ionIsaDesignSmell]
What exactly are "modeling terms"? Graphics? So far graphic modeling has proven limited despite being tried for more than 2 decades. Eventually things like Boolean expressions and references to things that don't fit on the same screen are needed. When that happens, you end up with code in the end anyhow, or perhaps a visual parse-tree, which looks suspiciously like indented code turned horizontal.
I smell snake oil.
If anything will kill off programming, it will be starving world-wide programmers who work for 30-cents an hour.