There has been no news for quite some time. This will change! Or maybe not.
Imaging 0.24.2 patch will hopefully be released soon (waiting for Lazarus 0.9.24 since there is LCL change that breaks Imaging’s LCL support for older Lazaruses). More about new Imaging can be found at its homepage. I also plan to release OpenJPEG (JPEG 2000 library) for Pascal independent on Imaging for those who just want JPEG 2000 for their programs.
I will (have to) start working on my Master’s thesis in very near future so you may expect some demos soon (terrain rendering stuff again).