No, not really... there will not be any more updates though anytime soon.
I spoke to one of the dev team. They said they haven't even spoken one word to each other about TV3D in over a year.
I'm not sure how long it will be before it goes down the tubes. Probably be up for another 10 years.... idling just like right now.
Still... TV3D is awesome. I will continue to use it for years and years to come. I just hope the license server stays up that long.

And if not, we have ways around that too. (if it comes to that)

I just hate to see such an amazing 3d engine go down... I guess it just doesn't pay the bills. But you can't blame them either... they have to feed themselves too.
I still thank the dev team for making TV3D. Personally, its made it possible for me to be my own boss and have a videogame business that pays *my* bills.