On the Polaris fb page there's a post saying there will soon be an announcement!
What I'm seeing there is a reply from Paul which concludes:
"But rest assured, we are moving forward, and hopefull[y] can make some announcements in the near future."
I don't necessarily get the impression that an announcement of major import is expected - just that there might be some updates coming one of these days.
As for literary criticism in general: I have long felt that any reviewer who expresses rage and loathing for a novel or a play or a poem is preposterous. He or she is like a person who has put on full armor and attacked a hot fudge sundae or a banana split. ~ Kurt Vonnegut, Jr.