Someone did an unofficial rework. I'd love an official updated rulebook with graphics, etc. as well.
I believe Wade Hyett did it with the blessing of John Poniske (game designer) and I recall postings noting MMP (game publisher) would be involved.
I'm not sure of the current status - perhaps John or Wade could give a quick update? (I've been holding off printing the V2 rules in the anticipation of a reformatted set with graphics).