The new Steam Machines use a "version" of Linux. They have the clout of Valve behind those machines. And they still can't get "better" performance from this "lean" OS because video drivers (read: Media) aren't as good on Linux as they are on Windows. What makes anyone think that audio interface drivers (read: Media) are gonna fare any better?
Then as Bapu points out, the VST's that we all use will need to be ported/rewrote at the very least.
I just don't see any Linux DAW making headway (in the section of the market that we here on this forum occupy) anytime soon.
Eventually if enough users demand it over MS Windows/Apple OS it could gain traction. I just don't see that happening anytime soon. Hell I thought that it would have done much better in the gaming industry than it has. Back in second half of 90's I really thought that by now it would be a major player. But it just isn't. And lack of great driver support is the major hurdle.