It kind of is - when I looked at it 6 months ago it was just a fork of vscode with old ass versions of Claude and the only unique things were java and ibm I mcp clients or servers or something built in. For those works I'd rather just have the skill or mcp for my harness of choice. I think they weren't allowed to use external AI so they run the models in house and remade cursor. Not bad to have competition but the name is awful - as others have said it's been used before by Microsoft in the 90s to make a friendly desktop giving us the winxp search dog and clippy.