I'm not sure how I feel about this. On the one hand I've been thinking on it for quite a long time already, newer shinier Vim is something I secretly wish for. On the other hand I found it quite problematic. The main problem of Vim is Vimscript. So "newer shinier Vim" is Vim with real programming language instead of vimscript. But it's impossible to remove Vimscript: it won't be Vim anymore. It affects not only scripting itself, but also how we interact with it in command mode, not to say about plugins we have already.
And here we have a project. Virtually nothing is done, previous commit was 20 days ago, and the last commit is adding the fundraiser link an hour ago. I mean, the author doesn't seem to be fanatically enthusiastic. And plans are quite generous. Maybe I'm too pessimistic, but I have some bad feeling about that. I'm thinking instead of "Hm, maybe better to write an open-source version of Sublime Text?".