Which seems like a fair tradeoff to me. The existing "native solution" for a very very large codebase would be to have it split into multiple, logical repositories. If you fetched one repo you needed to work on, but not all the dependencies or sibling repos, you still wouldn't be able to work on those other parts of the codebase until you connected.
Compared to mercurial, that Facebook uses?
https://code.facebook.com/posts/218678814984400/scaling-merc...
I was pretty surprised when I made my own build of OpenJDK 9 how easy it was to work with, `hg tclone blah`, `hg tup jdk9.0.1+11`, `./configure blah; make images` and done. Even if git submodules were closer in functionality (checking out the same tag across multiple modules at once with ease) the song-and-dance with actually downloading the modules after cloning is annoying.
Microsoft decided to stick with git but add non-strict fetching to it. On the plus side, still all the advantages of easy branching/merging and working offline if you touched the required files which distributed vcs's bring. But you still need to be connected to work with parts of the code base you haven't used before.
So I guess if you run the test suite for your current task first then you can work offline since all relevant files will be fetched?