LINQ is the means by which Microsoft differentiates their server access technology from more generic, portable techniques. By making it easier for programmers to do it the "Microsoft Way", they gain competitive advantage. Once you're convinced that LINQ is the universal querying syntax, with applicability beyond relational databases (which is the primary destination, and where the competition is very thin), they have a strong interest in maintaining full control of the language (especially since it will work best with the rest of their infrastructure).
This is where we'll find out how well the "Leaky Abstraction" concept plays out. Microsoft certainly has what I think are the best minds in the industry committed to it, and a lot of people are betting pretty heavily on it. But it's a 100% commitment - no looking back.
It's a lot like asking whether you can use SQL to express ISAM queries. And at one time it was IBM driving the SQL query infrastructure, in an equally semi-proprietary way, as I've heard it told.