Just to prove that there is in fact stuff being done, here's a vid of it working. The hue isn't implemented yet and there's a few bits missing in the playlist. But you can see the new eq stuff plus a new pitch control (which will eventually have a 50% - 200% range and initialize centered) There's nothing much to learn from this vid but if it breathes a bit of hope into the forums, then so be it
http://www.screenr.com/Gsr7