FWB Software has posted a statement regarding RealPC.
According to the statement, claims by the previous management were false, and a revised RealPC project had not even been restarted -- much less close to completion.
Based on cost of development and licensing, the new management will not be pursuing the development of a RealPC product.
Update: Users many want to know that Virtual PC does not presently run on the PowerMac G5s and will require a software upgrade in the future to provide support. No ship-date available for the VPC update.