I find it odd that not much info has come out, and its been around 24hrs now.. is their a moratorium on info till x date 
There's just not much info to tell.
- Are ORSoC part of KnCMiner? Yes they are.
- Is ORSoC a legit company? Yes it is.
- Is ORSoC's area of expertise desgning FPGAs, ASICs and embedded systems? Yes it is.
- Is there a working FPGA prototype hashing at 6.2GH/s? Yes there is.
- Is there an ASIC prototype? No there isn't.
- What's the plan? To make the ASIC from the FPGA, order the chips with preorder money, and send them directly to assembly.
- Are there any gerbers for the ASIC PCB's, etc. that can be showed to us? No, they say they ASIC PCBs will be just based on the FPGA PCBs.
- Is this feasible? Mmmm, yeah, why not. That was BFL's plan too - right?
- Is this extremely expensive, knowing they are planning to do 28nm? Yes it is. VERY expensive.
- Is this project at least x10 bigger in terms of revenue streams, etc. compared to anything else ORSoC has done before? Yes it is. It's a huge project for a tiny company.
Guys, we knew that before the Open Day. Honestly, there's not much more to be said. You want to know if they are legit? Yes, they are, as legit as BFL was. Will they succeed? Don't know, but they seem to have the appropriate skills. Would they be able to deliver in the promised timeframe? Nobody knows. We just know that everybody else (included Avalon) missed the deadlines.
Summing up: this is a gamble, boys, and the odds to win this gamble are the same that you had before the Open Day.
FULL STOP.
I couldn't have put it better.
Anyone thinking anything else is quite simply deluding themselves. You are rolling the dice, if you don't know that you really shouldn't be "investing" in this.