But everything it's being built with is entirely FOSS. Making OKD happen is a high priority and is being worked on.
From my understanding, most of it's been blocked on Fedora CoreOS being at a state that it can be used for OKD and just putting resources onto setting up the automation for building everything for OKD.
Remember that Openshift 4.x fundamentally changed how Openshift does updates and that affects OKD a lot. Claytons email touches on this quite a bit.
Disclosure: I work at Red Hat, on projects related to Openshift.