No, not a new coin, go back and read the thread.
Neoscyrpt is a new proof of work (PoW) algorithm to replace scrypt to keep ASICs from centralising the mining power like has happened with Bitcoin and will happen with any coins that stay using Scrypt.
At the moment only Phoenixcoin is using Neoscrypt and rather than being a new POW coin it has been going since May2013.
The next coin to change over to Neoscrypt will be Feathercoin which has been going since April 2013.
Following closely behind that will be UFO Coin which is the new comer only being launched back in December 2013.
So rather than 'another POW coin' Neoscrypt is the future for any coin not wanting to be centralised by the coming wave of ASICS