IIRC, this was a high performance scheme developed at Indiana University that was closed source for a long time. Good on Cisco for open sourcing it. I'm interested to hear what regular scheme programmers feel about this news.
It's massively strange that this was closed source while at a public university, and open source under a public company.
On the other hand, there's an intellectual idea that for many companies, existing software should perhaps be seen as a liability in double entry accounting due to it's need for ongoing maintenance, upgrades, potential for catastrophic failure, and the cost associated with alterations for new business processes.
Companies offload some of those costs by open sourcing and allowing developers to happily "give back" to their bottom line.