I had a similar question on my mind, which is why I asked about it at SFM. I'm not really worried after Howard's reply though. This other thing may be a test bed of some sort.
Hmmm... I'm getting the feeling that they've decided to continue the game outside of the Wing Commander/Privateer universe.
The project is still on track, Howards busy with his real life work, Joel is in the process of getting a job, and my schedule leaves me very little to no free time at all. Please keep in mind, this is an independent from the ground up fan creation, it'll be a loong time before anything definate is released. Only so many hours in the day sadly, heheh.