The idea of a Django-centric development environment is interesting, but I'm not entirely sure what this is offering over the usual terminal + editor + browser setup. That's not to say I don't think an IDE would be useful, I think it would. It could integrate several popular Django debug tools, database tools and (if your into it) some WSYWIG HTML tools.
I would love to have see the README updated with some idea of what the developer's long term vision for this project is. That might generate more interest and constructive feedback for the community and developer.