Hi there.

The status is that the currency is working, and usable for the intended purpose, but there just doesn't seem to be enough interest in this to justify taking it on to mainnet in a full release.

The fundamental cross chain exchange mechanism is pretty solid, and something that really should be applied more generally, I think.
I made a blog post specifically about this aspect, here:
http://upcoder.com/11/atomic-cross-chain-exchange/