The new developers are still working on some of the ancillary implementations of Lyra2 and I have been working on Lyra2RE. Lyra2RE (Reduced Efficiency) will be a chained PoW algorithm comprised of Lyra2 as well as a few other surrounding algorithms to reduce the mining efficiency and thus reduce mining temperatures. This will maintain our ability to change the memory/processor hardness while offering those miner friendly improvements. It is still being tweaked so the final implementation has not solidified.
There are other updates coming soon.