It's slow-going, due to unfortunate distractions like "day jobs" and "errands", but it is coming along. All of Chapter I has been imported into the new engine, and there's been a lot of new material added. We're trying to polish up Chapter I before transitioning headlong into Chapter II (which has the brunt of its content mapped out, and some of it already ready to import). We're entertaining getting a new demo out once that's done - but at the same time, the quality differential between the demo and the full game is pretty stark, so we might want to preserve some of the surprise factor and just focus on a full release later this year.
In any case, I'm using what's left of my youth (which isn't much, to be fair) to burn midnight oil and get these games done, so we hope to show you something more soon! Just keep the hunger alive! Y'know, like Ashley!