We were close to it a few months ago where someone here had said he'd started work and had good results, this was just before Xmas. Progress was good and he said he was going to release a BETA shortly before buggering off, so maybe it was just one big wind up. Such a shame as this computer is something I never really experienced, of course I could go on Ebay and buy myself one, but I like to have everything on the Xbox nowadays as it saves me space.
There are quite a few games I'd like to try out like Elite, Exile and Revs. I guess it's just not a popular enough platform to warrant any attention from coders.