Is Fahrenheit Graphics A Load Of Vapour?

Gerald asks: "It's been three years since Microsoft and SGI announced that they were jointly developing Fahrenheit, the new 3D graphics API that would be better and more cross platform than both OpenGL and Direct3D. The dates indicated on the press release have all passed, and there has been no mention on it anywhere. I haven't even been able to find a Fahrenheit home page. So what's happened? Was Fahrenheit a decoy to get the graphics industry off the back of Microsoft when it first came out with Direct3D?"