He got a job at Google back in 2010 and pretty much handed over the reins at that time due to lack of free time to work on Factor. He still posts on the mailing list though periodically.
As I understand, it has been going on for as long as Python 3 -- which is starting to be used in a few places now. (The difference is that Perl 6 is really, really, really ambitious. Let's see if it ever gets production-ready.)