TLDR: SUSE plans on investing $10+ million over the next several years on developing a free binary compatible RHEL fork.
They expect and encourage community input during the development.
SUSE will also continue maintaining SUSE Linux Enterprise, naturally.
SuSe record with OpenSuSe is pretty good. I love their open build service. Nice to see them filling in the void IBM created by doing ibmy thingy to RHEL.