Sorry for reviving this topic and asking this question but..... summer is coming up so is the project still on?
By the amount of hack tools made for pokemon on DS i say no. Their looking at changing the whole script base here.. not some simple bogus dialogue change. Any game that intends to go beyond dialogue change, sprite editing and change of pokemon(starter, wild and trainer). Do not expect them to finish at all. I say under 1% for them to even finish it.
EDIT: But most likely they stopped becasue of lack in sprites for their project. Creating one from scratch is not easy. Especially when they have half assed spriters that think they can handle it, but really cant.