Hello there.
It is a repository for GPL (not LGPL!) part of Phantom OS code.
This is not a complete Phantom OS.
See:
http://code.google.com/p/phantomuserland/
http://code.google.com/p/phantomos/
Best regards, Dmitry Zavalishin,
Phantom project... how to say... inventor? :)
http://dz.ru/en