This will never happen. I once tried to contact Microsoft to ask for conditions to make trueSpace open source, and wrote to three different locations. But never got any response. There was also a petition from what i know.
My guess is that there was too much licensing from outside involved. And parts of it went into Microsoft technology. Strip all that away that they can’t open source and there is nothing left from trueSpace. Add to that that the technology is nowadays very outdated. To compete you would need to write a new viewport engine and a new renderer, add support for external renderers, start to update the tools …
But there is still life. The inofficial trueSpace build that is maintained by the community still gets a minor update from time to time 
https://united3dartists.com/forum/viewtopic.php?f=4&t=5411
https://united3dartists.com/forum/viewtopic.php?f=4&t=5418
Ontopic. That Microsoft supports Blender is a great move. Such technology is nowadays a thing of enough manpower and money. The more the better.