I'm curious to why they started this project when there already is low hanging fruit that can speed up Python (e.g. pypy). What makes this better other than to satisfy the inner go-fanboy?
Pypy still has a GIL. GIL-free seems to be one of the explicit goals of this project.
Not strictly true, http://doc.pypy.org/en/latest/stm.html. In general for the main project however, this is true.