It differs from T in that the VM is written in a different scheme dialect than the VM hosts, but it is still as much scheme-all-the-way-down as T was. It's also considerably safer than T as it will prevent you from doing some unsafe things and warn you about others (e.g. run-time closures).
I though about a new incarnation of PreScheme. One would add memory safety like Rust's borrow checker. Carp LISP is already doing that. Another was to embed a version of C in it amenable to static analysis and KLEE-like tools with actual coding in Scheme with macros. Last was reviving VLISP using Magnus Myreen's LISP 1.5 or CakeML tools to verify it from LISP form to machine code. Then we'd have a semi-verified Scheme48 where you just trust the high-level code essentially.
So, not as nice as a full Scheme but great in other ways and used to write a Scheme.