Actually, there may be tentative pre-news about shadows, or shadow rumors hiding in the shadows, if you will.
If I understand things correctly, at this point shadeMe is kind of stuck and can't resolve the current significant issues with the tools available to him.
However! Ethatron's work tearing open Oblivion's shader guts to make it possible for OBGE to get all Captain Hook-y on Oblivion's clunky ass may enable shadeMe to resolve the major issues with shadow implementation.
But I could be misunderstanding things. I'm due to nag shadeMe about his progress in another month or two (I have a calendar specifically for this), though, so maybe that will lead to real news in the future!