Cyanogenmod Team in control of Open WebOS?

Imagine this. If the Cyanogenmod team, which has long been known for producing and distributing high-quality products across a range of devices, could take control of Open WebOS and where it is at the moment (slow and buggy), do you think they could turn it into a high quality product that you would use? We'll call it Webogenmod.

I'd allow HP to come up with system updates and such, but the talented devs on the interwebs could take most of the responsibility for the offerings.

I realize many people out there aren't the biggest fans of WebOS, but I would think it'd be another great flashing option for our Android devices. Discuss.