Peter Molyneux, head of Lionhead Studios (makers of the Fable series), recently showed off the most recent version of the Milo tech, showing off how it has evolved since it's first, and only (until now), I believe, public viewing of Milo, during E3 2009.
There's no planned release date for Milo as-of-yet, but at least we know that it is in fact still being made as planned, and, if I may say so myself, it looks pretty awesome - I'm definitely interested in the final product, and would love to see how well the technology behind it works, even if the game isn't so great (though, being created by Lionhead, I don't doubt Milo for a second).
