There are a few links at the bottom of this pade to other threads about the unreal revamp.
You may also want to join the Istaria Discord page as that's where we all mainly hang out these days and chat about the revamp and other stuff.
There was also a recent tease pic of a few hatchies, i think it's on the Istaria Fb page now.

It is still happening but remember we have a very small Dev team on istaria, and although they are very passionate about the game and just all round awesome, they only have limited hours of the day and a client revamp is a massive undertaking for even the biggest games companies.
Heck square-enix just took 5 years to revamp an offline rpg and they have a vast assets to call on.