It's a *fork* of FFmpeg that is becoming libav

I wouldn't count on the coup leaders' ability to manage a project much; all of this has all signs of power struggle rather than anything else. Specifically:

– there are no governance rules set for the new project (aside from the ‘committers are gods and admins are Gods’)
– there are no measurable goals given,
– coup members' communication style still needs some improvement to reach the level of a very impatient high school bully,
– their middle- and long-term planning ability seems to be rather non-existent

On the other hand, the drama is of exquisite mud-slinging kindergarten-quality.