The project is finished, there are no plans to continue due to fear of copyright strike.
capcom won't strike it unless you make money off it. like rockman 4 minus infinity survived,so this probably also will. maybe ask retrobit (the company who made physical copies of wily wars in USA) if they can make a cartridge version of the rom. they probably will contact capcom and who knows, maybe we will get a physical release. so please continue this. thanks, retroshaffer