Thats how you make another AmigaOS, or Be, I'm sure Atari still has a group of a dozen folks playing with it, too.
The OS's over the past 20 years haven't shown much advancement because the advancement is happening higher up the stack. You CAN'T throw out the OS and still have ARkit. A Big Bloated Mature Moore's Law needing OS is also stable, has hooks out the wazoo, AND A POPULATION USING IT.
4 guys coding in the dark on the bare metal just can't build an OS anymore, it won't have GPU access, it won't have a solid TCP/IP stack, it won't have good USB support, or caching, or a dependable file system.
All of these things take a ton of time, and people, and money, and support (if you don't have money, you need the volunteers)
Go build the next modern OS, I'll see you in a couple of years.
I don't WANT this to sound harsh, I'm just bitter that I saw a TON of awesome, fledgling, fresh Operating systems fall by the wayside...I used BeOS, I WANTED to use BeOS, I'da LOVED it if they'd won out over NeXT (another awesome operating system...at least that survived.)
At a certain level, perhaps what he wants is to leverage ChromeOS...it's 'lightweight'...but by the time it has all the tchotchkes, it'll be fat and bloated, too.