Check the feathercoin thread for development updates.  ghostlander is doing the development and I suspect UFO will be used as a guinea pig for the new algorithm before there is a hard fork for FTC.

Here is the latest update I could find on 3rd July - CPUMiner is ready but no GPUMiner yet 
https://forum.feathercoin.com/index.php?/topic/6626-changing-the-hashing-algorithm/page-13#entry63748