These will probably be moved/deleted, since really this isn't the thread for this, but the simple answer is "when it's done".
You see, Fred had some problems with the machine he uses to develop the tool software on quite some time ago, and some further complications which have kept him largely busy/away from the forums.
The most recent news was from around May of last year if I'm not mistaken -at least, as far as anything posted publicly on these forums is concerned. Sounded at that time as if things may have been looking slightly better, but that no immediate solutions were in reach, so we'll all just have to keep waiting and hoping for better news and Fred's hopeful return to the project and forums on a more regular basis.
Believe me, he's missed by many of us around here, and not just for new releases of Kotor Tool either.