Bart Fernhout is making an attempt in the Blitz3D programming language. most of his pages are in English but a few are in his native language, dutch.
You can keep track of his progress at http://people.zeelandnet.nl/bfernhout/deuteros.html
There are regular updates and it feels like the project is going forward.
The next project isn't really a Deuteros game but it is nice to see how much of an impact a 20 year old game can have. Dante80 is trying to recreate the feel of Deuteros in Minecraft. :)
Have a look at it here