Looks like the C64 rumors are still swirling:
http://www.neowin.net/news/commodore-usa-releasing-updated-c64-nostalgia-grips-millions
A new guy bought the rights in April 2010, and a few days ago he put some pictures of a C64, complete with authentic case.
At this point, who knows if it'll happen, but it's still fun to remember the past.