It seems that these guys have yet to snag a dev kit, and for all anyone knows it could merely be a bunch of hot air. HOWEVER, they do seem to be quite serious about this and have allegedly released screens for one of the games (Orb), which are currently down.
So who knows -- they could truly have some development skills, or they could be a handfull of kids with nothing but a few ideas, some nice drawings, and a ton of time on their hands.