sounds very interesting, they have basicly said nothing about the VTT after announcing it along with 4e, and never answered the many many questions about it - so I basicly thought they dropped the project. It would be great if they actually get it done
I however, doubt the licence will permit any use of their material for other than the VTT or perhaps printout for use in own games, but as Midgaardsormr says, we gotta wait and see.