Not that it went anywhere, but they just released ver 1.8...And with some new venture capital funding they are back on track to finishing the Pro Version. Not due out til October of this year, but many have inquired about it's progress.
Will it be too little too late? Hard to say, but we still like it for MPEG-2 encoding when we need great results. We are dying for interface upgrades as well as batching.
So let's root for those Swedish guys who are putting the Pro version together!