Why would people "panic" if Oracle builds them a better VM or the tools to build a better Ruby/Python/Java VM?
It's quite different to the CLR. The CLR lets you implement any language you like, as long as it can basically be mapped to C# constructs, not that different from the JVM.
What Snoracle is working on is more generic with much higher performance.
The CLR supports things that C# the language doesn't. C# isn't the common denominator here, it's just one of the languages running on the CLR (and probably? the most well-known). VB.Net and F# are equals, not to mention all the non-MS languages that exist.
C# isn't special and doesn't represent the CLR's potential. It certainly might drive the evolution of the CLR to a point.
It's quite different to the CLR. The CLR lets you implement any language you like, as long as it can basically be mapped to C# constructs, not that different from the JVM.
What Snoracle is working on is more generic with much higher performance.