The goal is simple, have a simple, easy to use version of Oracle's Data Vault. By no means is this trying to replace their product, it's just a simple solution to help lockdown your Oracle database.
sums it up. The site for download site has some description but no code yet; so no pressure to release Chet..
Anything that helps secure a database (and is free) is good. I am looking forwards to seeing it and having a play to see what it does. More here when I can get chance to do that.