While I wouldn't say no to an update either, you need to think about what you are asking.

The Counterparty Protocol is in an extremely healthy state with a very exciting roadmap ahead. Patrick Byrne saying that he has a "loose alliance" with Counterparty doesn't change that at all. If you think about it, you can only have a loose alliance (if any) with a protocol. The organizational representation of Counterparty - The Counterparty Foundation is just a few weeks old.

Overstock did a talent acquire of some Counterparty Developers with the intention to construct a particular technology, Medici (cryptosecurity infrastructure). The Counterparty Protocol may or may not play a part in that infrastructure (though it could play a significant role with it's blockchain security and smart contracts, for example). It has probably become obvious to everyone involved that other additional technologies are required to make a composite solution for Medici to work in a flawless and familiar way - e.g. reputation systems, fiat pegged cryptocurrency, 3rd party secure asset storage, centralized asset exchange, new regulations, etc.

I would expect that the Counterparty Devs are not at liberty (under NDA for example) to discuss Medici anyway.

Disclaimer: I know nothing, this post is purely speculation on my behalf.