Well, based on a quick glance of the demo/source...
Looks like it is a demo for GL_FRAMEBUFFER_EXT for which you need the appropriate driver - in the case of nvidia > 71.84 atleast, and in the case of ATI it could be that the implementation is still incomplete ... haven't kept track of their driver in recent times. The demo seems to be doing some kind of repeated offscreen snapshots and blending with existing visuals !
You'll have to look at the Demo Statistics Panel and see what it says - if it says glCopyTexSubImage2D, then it prolly means that the demo is using the pbuffer option which involves the slower context switch. nvidia driver 71.84, for instance, doesn't seem to have FBO support.