For anyone who missed Vray's recent update vid, here's the link: Indiedb.com
As mentioned in the video, the team is currently - due to copyright issues - moving away from the Digimon aspect of the game and will be using original monsters and concepts instead. It will still be DW1's spiritual successor, but without the digimon as to not upset copyright law.
The new project has been dubbed "Project Dark World" (an anagram of Digimon World: Project Ark with the 'igimon' part taken out), and will be similar in mechanics to Project Ark, though a different setting. The digital aspect will be replaced with a dark matter theme instead.
The dwprojectark.com site is down, but we'll have a site for the new project up in the near future. Any readers still interested in joining the team and contributing toward the game despite the changes, please let us know via PM.
Thanks for your understanding,
- The Project Ark Team