I don't know, I haven't researched much into the Xeon Phi. But from what I see, it has different memory space. Which means no unported code can be supported (standard lights, standard texmaps, ...), and every part of Corona would have to be ported. Plus the architecture is very different from desktop CPUs (it might be x86, but it employs different methods to get high performance), so basically Phi is in principle similar to CUDA GPU. But I heard they'll do next version with stared memory space, maybe then it will be feasible.