I’ve spent about 35+ years in and around version control / SCM, with half of that being part of the BitKeeper team, where my job was to think about sets, graphs, and weaves in the context of a team making commercial customers’ lives better along with benefit to open source world.
If Git is good enough for you, know that it is not true for everybody. For some subset of that everybody, it’s worth paying to have that pain go away. And part of having that pain go away is being able to stay connected to all that is, to be enough of a superset of the current world, to not be better in an incompatible way. That’s what I see in the pictures Steve and team draw: world that interacts with Git in a way that is better for some willing to pay to have the pain go away.
I agree nothing much is being said about the Non-Git Storage Engine. As I’ve spent half of my life in that world, I get it: secret sauce. I don’t expect much to be said for a while.