It sounded good when they were doing an 060 based AGA Amiga with 3D enhancements. It would have been like the next step in classic Amiga and nice to program on.
Now I haven't got a clue what they are doing... it sounds like a fun project for the team, but they shouldn't claim that it will be a mass produced Amiga ready within a year and a bit and be faster with every new FPGA tech.
If they ever finish it no one will care but them.