I tried the demo in two different browsers that I use regularly. On the one that stays logged into my google account, I was not challenged with a captcha. On the other browser, which I use quite a lot but not with my google account, the captcha appears.
I'd think that having a long-standing google account with a normal history of activity would be a good indication that one might be a human. If google is weighting that heavily for this test, that may create a new incentive for spammers and scammers to hijack people's google accounts.
1. Tested on my normal chrome where I didn't delete any cookies and logged in to my google accounts, and no adblocker running. So plenty of evidence I'm human, with all those cookies from big G.
2. Tested in incognito mode: BAAM: I'm a bot, had to fill out the old captcha!