Yeah, I finally started working on Media stuff again this week. Sorry for the long delay - the feature was put on hold for many months in favor of other features that we wanted to show at GDC, such as Sequencer.
The Media Framework’s current prototype API needs an overhaul in order to get better performance and become easier to extend and use. We discussed some ideas last week, and I started to implement them. The roadmap posted at the beginning of this thread is still pretty much accurate.