QV Income has been shelved. One of the key individuals (Jason Teh) has resigned with immediate effect. So IML have elected to put the whole thing on hold until they can demonstrate to the market that they have a firm hand on things. I would say don't expect it to happen within the next 12 months if at all. Shame.
The managed fund version is still going, Anton Tagliaferro has stepped in to run it.