NoMercy: sorry, what? Please don't use this forum as a dumping ground for your depressing and irrelevant comments.
This approach is mostly certainly not "futile". If it were, then why do so many OSes use ELF?
"a new BSD operating system .. with emulation". You're aware that BSDs use ELF, right? And precisely why is emulation of any kind required?
"and mixing the large reliance on SWI's (sic) and dynamic linking". Where is this mentioned, I don't get it. SWIs (correct spelling) are an intrisic way of calling OS functionality, I hardly see the worth in getting worked up about them.
"if it ever happens". Not a very helpful comment, is it? It clearly already is happening.
Just what was your point? Did you have anything constructive to add - comments like yours really aren't at all inspiring.