As i mentioned in the other thread about VB6, this is not the only attempt and there have been several at the past, going back to when Microsoft was still working on classic VB (the oldest i know of is a VB4 clone) - and all of them had something common: they were not open source and because of that they died.
IMO it is the biggest of follies to consider a proprietary classic VB clone considering that the only reason VB6 died was exactly because its developer decided to stop working on it - it wasn't due to lack of money (Microsoft wasn't broke) or popularity (AFAIK TIOBE had it at #1 at the time and for a long time after that), it was plainly because the only one in control was Microsoft and since it was a deeply proprietary product nobody else could do anything about it (aside from making useless polls that were obviously ignored).
I remember VB was also a bit of a casualty of the move to the .NET framework. Yeah they had later versions of VB with .NET support but it still never really embraced or thrived in the new ecosystem. In general RAD tooling kind of fell out of favor in the 2000s and never really recovered.
Over the last 40 years I have programmed in practically every major language, yet VB.Net remains my all-time favorite for ease of development and code readability.
I would still be writing in it today but there is really zero support now. A real shame.
IMO it is the biggest of follies to consider a proprietary classic VB clone considering that the only reason VB6 died was exactly because its developer decided to stop working on it - it wasn't due to lack of money (Microsoft wasn't broke) or popularity (AFAIK TIOBE had it at #1 at the time and for a long time after that), it was plainly because the only one in control was Microsoft and since it was a deeply proprietary product nobody else could do anything about it (aside from making useless polls that were obviously ignored).