Has it indeed? That's good to know — hopefully it finally being done won't coincide with a LucasArts re-release for the consoles and PC!
How does Residual cope with displaying the game in higher resolutions? Obviously the assets are going to remain low-res but I'd imagine it'd still look better with the polygons nice and smooth rather than having gigantic jaggies on a 1080p TV like the last time I tried GF. :s