I don't know why but I'm actually less excited about Fuchsia than the old Singularity/Midori. As Joe Duffy said [0] when they worked on Midori they also wrote UI, editors, browsers and many more applications in months so it's not surprising Google engineers also managed that.
[0]: https://www.youtube.com/watch?v=CuD7SCqHB7k
For me it looks like the classic Not Invented Here syndrome - we already have microkernels, even formally verified ones (seL4) but AFAIK Google didn't want that to "be more flexible".
Using C for kernel also looks like a poor choice nowadays, unless Google has some magic static analysis (for example Singularity/Midori had custom languages with ownership tracking akin to Rust).
Maybe Fuchsia is for bringing microkernel architecture for masses using "boring technology"?