I don't think it's being worked on at this point. Even the website has expired now. If you want a great alternative, try Steam Big Picture mode. You can load pratically any application into it include emulators (using Ice for steam):
You can exit right back into the launcher, which is nice for sitting back. If you want something that's really light and easy to setup, try GameGO. It's fairly new so there will be bugs, but it has a lot of potential. There's also EmulationStation and Launchbox (Big Box mode is not free).