It will be based on Scala, and similar enough that, if things work out, we could have Scala.next without a Python 2 to 3 glacial transition.
Of course, Scala 2.1.x branch is making great strides as is, and AFAIK, the DOT language is still a research project, so not likely that we'll be seeing Scala.next anytime soon.
How big is the team? How many years of maintenance have you had on those projects? I remember C++ looked pretty awesome for a while. It was certainly great for one-man projects or small team. Then the problems started piling up. Thing is, C++ didn't have any good alternatives (maybe now we'll have Rust); Scala does.
That was not the point. The comparison is that Scala is to Java what C++ is to C.
Powerful and flexible but with a lot of baggage that ends up making it impractical.
If making analogies, a much closer analogy would be to say Scala is to Java what D or Rust is to C++.
As of lots of baggage - can you elaborate? Only null comes to my mind and it is never an issue - it was left because Scala is practical. Sure, there are some limitations imposed by the target platform like lack of TCO, lack of efficient suport for tuples/value-types, or RTTI for generics being not powerful enough, but Java-the-language has nothing to do with it. The same limitations apply to Kotlin and Ceylon.
Which is pure opinion/speculation.
BTW, to reiterate some of what's been said in other comments, I am certainly not opposed to using Scala in "Ruby style" projects (though Clojure would be a better option for those, too, IMO); I do, however, think that it's a very bad alternative for large Java projects.