Why is this a good idea? Well, if you had a Javascript version of Tor you could quite literally import it on any website. It would be the easiest way to add privacy to millions of users sessions. It would be so ridiculously accessible and easy to use that it would probably lead to rapid innovation in the underlying tech. There is a lot of cool p2p tech already built into the browser that would be an amazing test bed.
Currently Google Chrome are also experimenting with a socket-like API that I believe would be a useful piece of the puzzle [for the project.] It just seems to me that marketing, networking, and being a tech normie is more important than actually having a good idea. So you see pointless projects like this get all the funding while projects like Ayms stay unknown and don't get any. Historical note: the hacker Aaron Swartz (tragically deceased - those who know... know. It was an awful waste) was involved in this project and suggested it as an idea. It's definitely a good one in my opinion.