It will knock down all the bugs from the current MRNG wallet (Stuck blocks, not syncing, 0 nodes connected, confirmation too slow). It's a mandatory update for those who got MRNG since it's PoS

Is there an ETA for the new wallet release?
Faucet is down, ANN thread rarely updated. As a consequence price is going down.
I still think that listing the coin on nova was done too early.
The faucet is community member run, the dev is working diligently on the electrum wallet and android wallet at the moment and focusing on completing that. Once that is done, interest will surge and free coin dumpers will be done. Those of us that believe in the project are in HODL mode and we'll be glad we did. Your patience will be rewarded.