The problem I have with these OS/2 "modernizing" projects is how the feature-set locks them out of 64-bit long mode. I think the only way to really try to revitalize OS/2 is to jump to 64-bit and seamlessly run 16-bit apps in a VM/emulator. But at that point you might as well just run OS/2 in a VM, which works really well even on free options like VirtualBox. So it seems like there is only a small and shrinking audience for a native 32-bit OS/2.