This has been around for at least two years (if not longer?) see http://forum.osdev.org/viewtopic.php?f=2&t=20946 for example.

Considering it is such a "from scratch" kind of project and given the progress so far, it seems to me like it might be more of a "let's see if we can" curiosity type thing rather than a project that an end user might actually want to use for anything practical.