Rick and crew just took over from the previous owners and have been actively working on the CURRENT version (
7.5.5,
7.5.6); and v8 (and v8 is actively in alpha testing).
There has been no announced ETA due to previous short falls and people freaking out because of them, it'll be out when it's out, we all want a quality product, not something that's been rushed.
Rick has been actively providing screen-shots and updates via the announcements forum, it's not vaporware, we can all see that it's being actively developed.