Well, it's been a while.
Some Progress Report:
No, the project isn't quite dead yet. There are some sprites that have been made(thanks to Tsalop), many player script ideas, and other tidbits of information. Otherwise, not much is happening.
I encourage people to submit what they want, be it a whole stage, sprites, music, a beep sound effect, a suggestion, or whatever else.
I don't want to rush people who're submitting(assuming you will), but the deadline for applying for something and submitting that something is January 1, 2012! That way, we can put together a beta and work from there. That should be more than enough time for people to assemble ideas, work out kinks, and present something...well, presentable.
If you need to talk to me, you can message me here or go to the IRC channel linked in the main post. Or simply post here.