The swedish gripen can do mach2 (2300km/h) and does not need a traditional runway (500 meters of something "flat enough" will do). I assume its way cheaper than something like this.
That doctrine works great for defending your homeland, when you are taking off from your roadside base and coming back home to a road-based airfield already on the map.
My understanding of these VTOL aircraft is they need to travel a long way, quickly, and set down in far less predictable conditions.
Why do you need hover? Its a pretty useless thing that requires shitloads of engineering (for a plane, not a heli). It sounds like a hollywood movie like requirement that is built for the purpose of burning tax payer dollars.