I'd agree, that this is in the 'wishful' thinking category. I could be that the reason we've not heard much lately is because of this transition. I'm certain Takara is very much aware of the legal battle and certainly has a position on the matter. But, we have no indication of what that is yet.
Though, at one of the Robotech panels at AX, Alan Letz, who's pretty much been in Japan for the last few months overseeing Shadow Chronicals, said that it's highly probable Shadow Chronicals will become a sequel to Mospeada in Japan. Whatever that portends, I have no idea.