It's still in the early stages of development. We're currently fundraising so that we can work on it full time. All code will be pushed to GitHub as we write it.
Regarding the product funding remark, that's not the intention, though with the license anybody could build a product with this project. I'm not convinced that's a bad thing.
Just in case someone is too lazy to look it up himself: He's not alone and teamed up with Jeff Lindsay.