Well, yes, it is in active development. Now we are working on Betacoin services, because the only way to give a value to coin is to give it a markets. And no - it is
not casinos, dices, black markets, etc. We want to make betacoin clean, transparent and usable. So we are making some services like shops, web wallets, etc. I would not tell you the exact time when it will be done, i guess in one month, but definitely before New Year:)
Now Betacoin at the only beginning, we are on the last (maby penult) difficulty top before 16000 block (as it is described in Betacoin difficulty infographic -
https://infogr.am/betacoin-difficulty/). After 16000 block network will move to "main stream" difficulty adjustment/calculating parameters.