What is This Mysterious MIT Litecoin Project ?

What is This Mysterious MIT Project?
http://www.livebitcoinnews.com/mit-will-unveil-litecoin-oriented-project-august-1st/

Even Charlie Lee Says He does Not Know

will be very interesting to see as they have picked August 1st.

here is there web site with the count down timer http://litecoin.mit.edu/ but not much info

we shall see :-0