Since many people already know it, no need to keep it secret anymore - indeed, incoming 8BIT version will use PIVX codebase. However, it will be not pure clone, the goal is to use current chain with this code base, therefore many things need to be changed (ie hashing algo).
Is there a timeline / ETA for the new wallet?
As well as how many coins will be required for a masternode? Seems like 1024 is a good number for masternodes...