Perhaps you're right, but so what? If they're funding it, and folks are interested in trying it out, what's the worst that can happen? Best case some new innovation comes out, worse case they end up back where they started. Journey and not the destination and all that.
Worst case is it adds to the wasteful hype-train and significant portions of the tech industry continue to be way-layed by a shiny boondoggle with get-rich-quick connotations.
