Earlier quoted context omitted.
Indeed. That's a transmutation circle of awesome.
I think he's referring to the relative uselessness of the code. Yes it would have taken a lot of time, talent and intellect to produce but from what I understand is of relatively little use? Can someone correct me if I'm wrong?
Looking at the front page of HN, I think it's pretty safe to say it's moved a fair distance from news of only VCs, startups and such to the realm of what we find interesting. This is interesting. It's not useful, particularly well built or even presentable at a sales meeting. But it is interesting.