Same thing happened here. It seems like an interesting idea but there are a whole bunch of questions I was left with, like what happens to my data, where is the application running, what is the end goal of the project, etc. In all fairness I didn't dig around to perhaps this is all explained somewhere on the site.
No no, no need to be fair about that, there's precious little docs publicly right now :) It'll be rectified, but we're deciding which docs to write by working with developers and end users in the private beta.