It certainly did die, it seems.
Our programmer and lead, NeoBelmont, has vanished without much word -- which seems to be the fate of a lot of homebrews. The program has been on hiatus for some time, but things are looking grim. Unfortunately, a lot of the newer polished code was on his end and we've decided to give up after restarting so many times.
If for some reason the program gets back up on it's feet, there will be no updates until a proper demo can be coincided to prevent people from getting their hopes up too much.
Peace.