And what exactly is a cruise missile??Is it something that’s defined by range alone?
http://www.fas.org/nuke/intro/cm/index.html
This weapon is more of a kinetic weapon cruise missile.
A more typical cruise missile like a Tomahawk can carry a nuke. Most cruise missiles are designed to be stealthy and fly slow (in ground clutter). This makes them hard to be seen by radar. The faster an object flies the more visible it is to radar. We have tactical and strategic cruise missiles. The strategic are more stealthy maybe slightly faster.
This missile sounds pretty much like a tactical weapon. I think this weapon is a lot of bravado.
The old definition of a cruise missile was a low slow flying missile. That definition has changed a bit (see link).
I think this is money better spent for a cruise missile:
http://spyingbadthings.blogspot.com/2007/07/aussie-scramjet-missile-early.html
http://www.nasa.gov/missions/research/f_scramjets.html
http://www.washingtonpost.com/wp-dyn/articles/A38020-2004Nov9.html