Seems to be cancelled like all of his other projects. Portico is dead, his blog is dead, he`s developing iPhone apps, think about Ackstudio..
A project just like the 3DGS Easy Scripter which seems to be dead, too.
That is a pretty grim view
Portico is currently on hold, because I am waiting for some replies from Valve regarding legal issues.
Ackstudio is still being developed, but slowly as I have to work too
But I never developed any iPhone apps, dunno where you heard that