@Akira: I was referring to the OS4 source code that they have been using since 3.1. A lot of those updates would be nice to have. The new Layers.library for 68k is an example of this and is a huge improvement over 3.1.
After seeing how little was done with the Open Video Toaster source code, I'm not convinced that a big assembly based project would be taken over by the community in a way that really benefits us.
That project was released a long time ago when there was actual interest in it and there were more developers left in the community too.