The bumps they have been having have been ironed out, as the main problems have been on the programming end, and that is going much more smoothly now. They are now on the final third of game development, and feel confident that the game is on track to be released some time in 2015.
The SpaceVenture team finally posted an update with news about the space themed game by the Two Guys from Andromeda, the creators of Space Quest. They've hired Josh Mandel on as a writer. If you don't know who Josh Mandel is, he's honorary third guy of Andromeda, who co-directed Space Quest 6, as well as Freddy Pharkas Frontier Pharmacist, and most recently Leisure Suit Larry Reloaded and Fester Mudd: Curse of the Gold.