All this arguing must have you guys thirsty...
Who wants some Tang and Rice Krispies?
BTW, since all of the pics are down (extremely suspicious), and there's no real dev site or page (suspicious too, for such a massive project), and that other post on pspnews.com (suspicious as well), I'm inclined to think this is a fake. However, until this is proven to be a fake, I wish the team the best of luck, and I hope this project results in sucess and a really cool (and free!) homebrew for us PSPeons.