yes it seems like it's still *coming soon* 

https://steemit.com/marketing/@kus-knee/the-old-dog-discusses-taking-steemit-to-the-next-level

I haven't followed the developers so I'm not sure what they are up to, there is a video hosting platform in the making too all that is left for me is to see a ACTUAL editor and reader since that is the most important part for me at least. We have already those apps in different places it's nothing new to clone a idea. It's far different to make something new. And incentivizing reading would incentivize writing and communication for sure, bu those information highways are frying my brain with so much talk :D even as it stands :D