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Right there with you. The funny part is that I think it's the third iteration of "throw out the old RH software, and here's a new RH software promising to be better".
The real question is when will they abandon it for their new toy and leave everyone using satellite boned, just like they did with RHEV/Ovirt.
Yeah, ovirt might have competed well with center, but they canned it when they got caught up in openstack hype. Then they canned that thinking openshift will deliver the win.
And of course cloudforms...
RedHat is going to give Google a run for it's money on half heatedly trying things and then killing them.