According to Grimes, this is just a demo. It was never meant to make an album cut, and was recorded some time in 2013.
Maybe she has impossibly high expectations, because for us "REALiTi" is actually a pretty cool song. It has all the ingredients we've come to know and love from the synth-pop songstress, a recipe that pretty much never fails.
Keep tuned -- one of these days she's bound to release a new album.