Yes, TeamCyclops is in fact 'dead'. They have pretty much decided to stop supporting the evo/ievo carts. Your best bet is to wait for someone else to release 3rd party firmware upgrades. For the moment you can purchase the original R4 card for dirt cheap and then flash Wood firmware onto it. If...
btw i feel this a good time to remind you guys that sea of thieves was made by rare, who also made DKC1-3 and DK64, alongside banjo kazooie and conker's bad fur day