It sounds a lot like Nokia's Maemo, which was doomed by a lack of investment, subsequent renaming to ugly-sounding names, and bouncing back and forth between orgs after Microsoft's agent provocateur sabotaged Nokia's phone division.
Correction, Nokia board did that to themselves after hiring Elop and having a contract that would give him a nice bonus if he managed to do what he naturally end up doing.
As much as FOSS crowd loves to hate Microsoft, better get the facts right.