Also the cost is both very high (after a handful of months you'd have paid more than what VB3 standard was sold for and the IDE certainly looks way less functional than VB3) and lacks any perpetual license. Also it isn't mentioned anywhere in the preorder page, but since it requires a subscription, that means that it most likely uses some form of online checking DRM, which in turn means that when the company shuts down and/or abandons the project, all that money would be lost forever.
That said i tried the demo version a bit and seemed to be ok, at least unlike other VB-clone attempts this one seems to have a visual designer (though very primitive). The IDE was a bit buggy and very sluggish and the theme felt very alien and not that well made. Why not use native controls like the applications themselves? The way it looks and feels now is like those early WPF demos, full with sluggish motion and blurry text.