Yars, but all that link shows is ingenious ways of incorporating a
membrane oxygenator within the body. A small artificial lung that works using an oxygenated liquid in other words.
There is nothing there that implies that alveoli can or ever will be able to directly absorb oxygen from liquid (and dispense with CO2 which is equally important for aerobic respiration). Alveoli are simply not capable, they haven't evolved that way.
In other words doing nothing other than pouring oxygenated liquid directly into a lung (as shown in the movie) can not and never will be a functioning oxygen/carbon-dioxide exchange system. The subject in question would drown.
EDIT: Hang about. A special suit is used in the movie isn't it? I guess a membrane oxygenator could be incorporated into the suit ... but then blood would need to pass intravenously from the suit into the body, so certainly not as described in the movie where the implication given is that the lung itself 'breathes' the liquid. Hm.