Well I think he dropped the project, but in case someone would start a new Zelda project (and maybe if Spencer from the (defunct?) Revsoft forums read this) this is a good advice personally to not pick a title until you're set with a story, unless you want a really generic title. For example, Illusiat 13 is called The Lost Chapter. I chosen it since Illusiat 12 was meant to be the last game ever in the series and came out 6.5 years ago, then suddently, I decide to make a new one, so I called it Illusiat 13: The Lost Chapter. However, due to the way the storyline ends, I might change the title to Illusiat 13: The Last Chapter, which might make the title a bit more relevant to the storyline.

Such name wouldn't apply for a Zelda game, though, because Nintendo will most likely release other Zelda games in the future.

i was sure it was dropped due to the long period without replies glad it's still alive, though

Hmm quite the necropost.  No, I'm quite sure this is quite dead, with no activity for 2 years.