As Facthunter said, moving weight outwards from the centre lessens the span-load concentration on the spars.
The amount of fuel this would need to carry (don't be surprised if this chews 90+ litres an hour!!) would create too much load, requiring the wings to be stronger (heavier).
Actually, thrust line looks to be above the line of the stab, PLUS, with a high mounted engine like that, it would probably have a small amount of 'up' thrust to balance the power / pitch couple, giving more clearance.
The only problem I have with the layout is the direct side by side seating.
In bigger aircraft (like the Provost), the overall weight of the crew forms a lower percentage of the all up weight, so the difference between 'one up' / 'two up', is less noticeable.
As aircraft get smaller, this becomes a bigger problem to the extent that many small (read ultralight) planes need to carry moveable ballast (read dead weight), to stay within their weight and balance range.
There seems to be a continual resistance to the concept of staggered, side by side seating yet from a technical point of view, it seems almost better than all other layouts;
•Pilot / student has expansive view,
•Much wider cockpit than tandem layout,
•Aircraft can be narrower than full side by side (aerodynamic improvement),
•Instructor can still relate physically / visually with student,
•Still only one set of instruments required.
So I'm guessing people hope it's going to be in the $250k region, but probably end up more like $350k finished.