And given the target market (even the biggest Zephyr targets have addressable RAM in the megabytes, not gigabytes), there's no self-hosting notion. You build on a big system and flash to your target, always. So there's no single filesystem image (though it supports a somewhat limited filesystem layer for the external storage these devices tend to see) containing "programs" to run (even though there's a ELF-like runtime linker to use if you want it).
If you want it to look like Linux: no, that's not what it's for. If you want to target a Cortex-M or ESP32 or whatever on which Linux won't run, it gives you the tools you expect to see.
Two things standout to me: (1) It was written in 2006. RISC V was not released until 2010 (so says Google). I guess it was ported from x86? (2) Russ Cox is one of the contacts listed on MIT homepage. That guy's digital footprints are enormous.