I noticed no thread was made of this in these forums:

http://www.muktware.com/5520/jos-poo...lyde-interview

Basically, this is a project that trims down kde by removing certain features usually required by default, but also making each of them installable options if they're needed. To me, it sounds a lot like modularization of the desktop packaging. What do you think? Would it attract more people that use other lightweight desktops to use KDE, or is there something else that keeps users away from it other than the way KDE is packaged right now? Either way, it seems interesting...