I think one thing that scared him away was the word "relevant"... VIM might have as well (very primitive). Emacs tries to do some things that are worth doing, but it brings the user into "textland," not "systemland."
(For example, I came back to this thread from email notification.)
If you want a demo, you can take a look here:
However, IMHO, there are a few limitations with these "desktop" type of environments:
1. Limited I/O capability.
2. Limited Network capability.
3. Limited mobility.
Follow the trails outlined by Bret Victor: http://worrydream.com/TheHumaneRepresentationOfThought/note.... , it seems that we are yet to find the "systemland" for the future.