Delixe: Nah Team Gizka are still working. They are in closed Beta at the moment. There is one more Beta release which will be an RC then its released to the public. If you check their tracker on Mantis you can see they are still working, mostly just Dashus himself though. The problem is everytime they fix something they find even more bugs to deal with. Obsidian really fucked up KOTORII royally although the blame is really with Lucasarts for rushing it to release.
Namur: Obviously you haven't been tracking the TSLRP 'drama', namely a betatester's threat about leaking/releasing the 10b.10 (or 10b.11) and how that, in an direct or indirect manner, lead Dashus to post a statement about how he hasn't written a single line of code in the last couple of months beacuse he has a new girlfriend or something. Since Team Gizka is Dashus, no progress is being made, period, and the already slim chances of this mod ever being finished keep decreasing.
Also, they stopped using Mantis a (long) while back, so that doesn't tell anybody anything
On a related note, there's a brilliant/hilarious piece of writing by MarciKiser on
this thread over at the TSLRP boards that sums up the whole state of affairs quite nicely for those who haven't been paying attention.
MarciKiser whoever you are, respect.
They seem to have taken it upon themselves to finish and at a quicker rate by not being too ambitious.