I agree. If they are setting up shop in Silicon Valley this is very positive in my opinion. One wouldn't do this unless the product is ready or extremely close to being ready. This and some of the verbiage used in the NEWS release tell me that PTK is confident in their ability to deliver.
Also find it very coincidental that this update got released ONE DAY post GFs purchase from IBM. Speculating here but odd if nothing else.
My hope going forward is that timelines at met and best case exceeded with an even more definitive update prior to end of Q4'14.
Sandman