The goal of the project is to provide unit test runners for the Silverlight Unit Test Framework created by Jeff Wilcox / Microsoft.
Originally this project was called SilverlightRunners here on CodePlex - but a total rewrite and new branding caused a new project.
From Norse Mythology:
Odin had sacrificed his eye in Mímir's Well which granted him wisdom and the power to see into the future. Mímir himself was said to have been the wisest of the gods