A new GM-moderated adventure has been submitted to "that company". It's tentatively called Between Sky and Sea, and it has the PCs shipwrecked on an island where they find themselves caught up in a little feud between, well, the sky and the sea, figuratively speaking. It was co-authored by myself and kopf, with a little help from the peryton. So now we let Ship(p)y do his magic, and see what happens.
I believe that "that company" is quite good about getting things out. The main delay for new issues of the Hobbit Hole and the like seems to be due to getting the required amount of submissions to fill the pages. So I doubt there'd be too long a wait.