Electric Sheep to be first investors in open-source SL client?

Here's the press-release regarding Electric Sheep Company acquiring a $7 million cash injection.

Sort of old-news now, but the snippet at the bottom is what really caught my eye:

... Electric Sheep plans to use the financing to create software to make virtual worlds ready for mainstream consumption...

Could that mean what I think it means? Is Electric Sheep planning to develop their own SL client?