Who knows how long it'll take, but yes, it's in theory still happening. After the Sianvar run, I'd assume that's next on Will's schedule.
And meh - Acceptance Speech was a good listen, but Death Star, DBM I, and Happiness are all superior records.
My list in order from best to worst goes Happiness at 1, S/T and Acceptance Speech tied at two, DBM, then DBM2 and WISIRO. I just thought Kurt was the better fit. I tie S/T and AS mostly for the "first record with a new singer" sound they both had, even though I love both records. Happiness still stands out as the best studio line up they've ever had. Not snatching up Jason Ellis permanently on bass was criminal. So was the dismissal of Kurt for the failed Jonny experiment. Again. Still, long time ago and all, it's not that important. ALLB is great with Kurt, DGD is still good with Tilian, Sianvar is looking damn fine too. Hopefully this new project also holds up well.