https://waf.io/book/ says
By default, the project name and version are set to noname and 1.0. To
change them, it is necessary to provide two additional variables in
the top-level project file
- and waf code inspection confirms that waf itself only will use the top
level APPNAME.
Also, the 'waf dist' comment doesn't seem relevant - especially after
this change - and is removed too.
(Note: libs/evoral/wscript and libs/temporal/wscript still use APPNAME
for other purposes.)