I would personally love that project but there are already so many versioning issues in the space it would be a nightmare if ROCm randomly broke things all the time.
And we're talking about Intel here. AMD is going to price competitively against Nvidia but they'd still rather you buy a $20,000 MI300 than a hypothetical 128GB Radeon for $2000.
Intel could very easily just put a buttload of VRAM on their existing GPUs to stick it to their competitors and make out like bandits. All they'd have to do is charge a Big markup instead of an Enterprise markup. And Intel has a better history of not making broken libraries.