I read their White paper.
Most of their ideas are good, but must of them can be easily implemented on the EOS net when the Referendum function is enabled. 

These respectable underdog BPs did not want to wait any longer. So they acted a little too soon IMO.

There's one thing I find a bit hard to swallow. 
Ok, They get rid of the whales by capping them at 40,000 Telos, but then they  turn around and distribute 1 million Telos to each of the 6 funding BP's !
So, voila! They convert themselves into the new whales controlling the net in a much centralized way than before.

I'm not going in that ship!
Good luck guys!