It happened now. Emerald seem to be going to be finsihed and not continued anymore:
http://blog.modularsystems.sl/2010/09/01/the-end/
It is the modular systems blog but it appears that it really shows what will happen and since the blog might be going away as well, I repost what has been written there here so you can read and form your opinion based on all that has happened so far:
