Gleeok's putting in a quality Let's Play, so I don't think I will be live streaming this one. So all things considered, I am officially going forth and announcing the release date of this as October 31st, 2013. Trick or Treat!
News Feed and Updates: http://www.purezc.net/index.php?page=projects&id=58
Trailer pic:

-James
I can't wait. I always enjoy the James Quest even if they are hard as a <insert own swearfest here>
I always hoped for a James 3, but a remake is just as good
T minus 6 hours and counting!
See you at 12 PM EDT.
-James
I was a noob last time I tried one of your quests, and I failed miserably. Let's see how many keyboards I'll have to go through to complete this quest.