I've followed all the newsletters and it feels like the development it's always a somewhat working rewrite on top of a somewhat working rewrite on top of a somewhat working rewrite.
The way to go, while it appears small, it's the last 10% which is a 200% in practice. It's pretty clear from the development that is's an excessively large project for a small, changing, group of hobby developers.
Obviously, I hope things will change. I'd really like a free Windows XP in virtual environments.
http://en.wikipedia.org/wiki/Windows_Virtual_PC#Windows_XP_M...
"Windows XP Mode is available free of charge to users of Windows 7 Professional, Enterprise, and Ultimate"
As somebody else pointed out, security is a primary concern.
Once Windows XP support is phased out, the product is gone.
Installing it is going to be a serious security risk, unless very specific cases, e.g. machines disconnected from internet.
Of course, that's not the only reason; Microsoft will stop selling licenses, then what about installing it in VMs on a Linux host?
An O/S is part of an ecosystem. Once it's phased out, if it's closed source, it's dead unless it's taken over by a third party (see O/S 2).
The browser is just another test case to see if Windows apps will/won't run. The killer feature is the ability to run legacy Windows apps that are not easily replaced on other platforms.