Hi,
It is indeed a new Amos language. It will have the basics first, which are being worked on now. Then there will be stuff added like a GUI part, gfx part etc. But to sum it short, it's going to be the "old" Amos in a new jacket.
For some it might have no use yet since it is in the early stages, but for others it does since you can say your ideas and wishes for it.
Coder