This is very very sad and may jeopardize the future of linux. IBM produces POWER processors, they could buy or mimic Raptor Computing Systems and offer an entirely IBM-designed system from processor to OS; something that today only apple can offer. It is very sad to see such great potential wasted.
When IBM bought Red Hat, many people were waiting an inverse buy out, something like when apple bought NeXT. It looks like that is not what is happening.