We didn't enter phase 4, unfortunately. After the results of phase 3 were released, we evaluated where we were and decided on our strategy moving forward. The contest is (obviously) no longer a concern for us, and we are just concentrating on taking the time to make Duffers the game we want it to be.
It's focus has changed somewhat, and will no longer resemble what it has been in the past. That's all I'm going to reveal right now. As for a release date for a new version, rest assured that it is coming, but I hesitate to say exactly when. The majority of the core programming is in place, and were working on building out the new gameplay programming and supporting artwork. Within the next few weeks we will reveal the new direction.