I agree it's mostly only used in conjunction with bullshit, but during a hype bubble a lot of the users of that phrase don't fully realize they're spouting bullshit, and it's used in earnest.
It’s still wild because it’s mostly useless. Rewriting a few core components might improve security a bit, but otherwise it’ll not change anything for end users. This is the typical attractive but useless project for bored programmer with no product or business vision.