Hi There,
I don't think there is much active development happening here but in my own experience this project has had a beneficial effect on data the company I work for receives from on set.
Maybe only a quarter of of the files I receive (that weren't based on a source file we supply) are based directly off the VES standard, however almost all the files I receive are now closer to the standard than they used to be and are therefore easier to handle.
I think this was effort well spent and would like to see more interchange standards come into this area.
Pete