As I think everyone knows, I'm all for preventing Microsoft to destroy Nokia as they will most certainly do if they get their hands on the D&S.
However, this project, albeit raising some very valid points, raised me a couple of questions: first of all, is this "Nokita" supposed to take over Nokia? From the video, I got the feeling they were aiming at transforming Nokia into Nokita? If so...that's just as stupid as Microsoft only getting half of Nokia, half that doesn't include one of the most important assets of Nokia: the brand.
Secondly...Linux phones? Building WP and Android upon a Linux based phone? hmm
As for the investors they are looking for and the "they won't find them"...hmm won't they? They do have a very valid point: Microsoft is offering way way less than Nokia's D&S is worth. Specially if you have in mind what they paid for Skype.
Won't they find investors? They may not find them...but they may do.
Let us think about this for a second: Nokia is prohibited to seek other investors to make an offer to rival Microsoft. However, all they need is to get someone else to do it for them. This Nokita venture may turn out to be a way to clearly allow other interested companies to be able to outbid Microsoft. Has anyone else noted the strange silence coming from Mountain View regarding this entire Nokia/Microsoft thing? With Nokia prepared to jump to Android as they were, how sure can anyone be that Google isn't interested in getting Nokia? It's certainly a better option than Motorola was. Getting Nokia would certainly allow them to reach out way more consumers than Motorola does.
You'll say: "Google already has Samsung to spread Android". Yeah, sure. But for how long? Samsung has given more than enough signs that they intend to create their own OS. Tizen is the first step. If Samsung finally turns their Android into a new OS, Google will see sales of Android falling hard. Because Samsung will no longer be making Android phones.
They'll need another company to step in the Android market to ascertain their OS dominance. HTC is an option but Nokia is a tempting and stronger solution for that, seeing how many old and current Nokia owners claim for Android Nokia, together with the more established Nokia D&S.
So...lets not dismiss this "Nokita" initiative so quickly...we never know who may show up from the shadows to put in the money.