So basically a LineageOS fork with a logo the Google legal department will make short work of when they feel bored (almost Google “G” upside-down in almost Google colours)?
I’m in for positive surprises, but I don’t hold my breath.
Apart from that I don’t feel fragmentation of effort is the best way to solutions for privacy-aware users. Put all possible weight behind making things better that are already on the road.
But perhaps starters of Linux distros nowadays don’t know a different way than to fragment effort 
.