I want to see more layer 4 protocols, not stuff built on top of them, personally. That's where things get interesting.
I think the idea is that Falcon assumes the underlying network is semi-crappy and works around that (e.g. Falcon assumes that packets arrive out of order then it puts them back in order).
For example, people sometimes refer to TCP as a "Layer 4" protocol even though (a) TCP predates the invention of Layer 4 and (b) TCP is a square peg that does not exactly fit into the round hole that is Layer 4.
Imagine how bad the rest of it was.