It was supposed to be seen for the first time during January 2012... But then programmers informed about the world end at 12/12/2012 and then someone show them the move "2012".... That was it! They abandon the project and they half of them are digging shelter under the IO's office dungeon, when the other half are trying to build an arc... Oton proposed to build a death star but none followed his plan....
So until 12/12/2012 we will not have any news! Then if the world end... Who will care about IH v2... and if not the programmers will return to their original occupation... and perhaps someday finish their job! (unlike their never ending punishment & nightmare)