Yes, the side panels of the backsplash slide away to reveal shelves built in at the back of the countertop. And yes, those panels and the backsplash must have been custom-fabricated out of a single slab of marble; the veins run across when closed and make an almost perfect facade.
Very beautiful, very expensive, and very smart — a good way to both hide and protect ingredients from the heat of the stove while keeping them close at hand. I can imagine this recreated much less expensively with other kinds of materials, like stainless steel or glass.
• See more at the designer's website: Mick de Giulio Kitchen Design
Related: Help! Do We Need a Backsplash?
(Images: via Life in a Venti Cup)