Why don't you do some research before posting FUD? The people planning this project built Shotwell, the default photo organizer for Fedora and Ubuntu. Clearly they know what they're doing. http://en.wikipedia.org/wiki/Shotwell_(software)
I fail to see how them building a photo organizer app has any relevance in his wish for a security minded email application. Sure, the company might know what they're doing, but nowhere in the introduction video did they discuss security - the most talked about points were usability and aesthetics. It seems to me that dguido's comment isn't actually FUD, but rather an observation about their proposal...