Exactly. We'll see the code when the first Honeycomb device ships.
People have been complaining for years that open-source is always designed by committee and lacking a coherent vision.
It still has all the benefits of trust, forkability, hackability and control over your own future.
But isn't the complaint that the product has been delivered to one vendor on a preferential basis?
The complaint implies that doing so makes it closed source, which is false.
You're free to do that with the GPL. If you deliver a binary to a 3rd party you need to offer them the source. If they get the source from you, they are free to pass it on to someone else, but they don't have to.