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It's a little odd to link a big commit like this with no explanation. Is there a better link providing some context for what is going on?
A new programming language based on "mutable value semantics" has been renamed from Val to Hylo. It was a frequent complaint that the former name was too similar to other existing languages like V, Vala, and Vale. Mutable value semantics is a new way to efficiently pass around data structures without having explicit references/pointers present in the language and complicating semantics. Pointers are basically relegated to a status of a possible optimization that the compiler can perform at the assembly level.
Is 'Hylo' pronounced "HIGH-low", HEE-lo" or some other way?