I don't think Steve Kondik is the type that would stop supporting what he started. Plus there are a bunch of other devs that also work on it. Samsung gave 5 of the CyanogenMod devs free Galaxy S2 phones and only asked that they make CyanogenMod work on it. Hiring Steve may allow for Samsung to ship their phones already running CyanogenMod. That gives them 1up on other vendors, hardware that officially supports CyanogenMod.
If they are able to provide target ads for viewers, this could be good for digital video distribution. This market really needs to go and improve. Cable TV is too overpriced for the "content" they provide. We put the phone on the internet and now its time to put the TV there as well.
Using Dropbox you can even add the ability to transfer files back and forth.