You would think that if there was actually any agreement written down, it would appear on the IMDb resume of Gary Graver, Peter Bogdanovich, Frank Marshall or Oja Kodar. Graver, Bogdanovich and Marshall are booked in other projects through 2008. Kodar hasn't had a credit since 1992.
I've often found that IMDB is one of the least relaible venues for official information (I think my aunt ruth has a better batting average). I'll keep an eye out in the trades and some reliable websites!
My sources tell me that Matthew Duda of Showtime will be finalizing a deal with Oja Kodar when he returns from Toronto, so Bogdanovich, Oja and Gary Graver can go ahead on the final work needed to finish OSOTW so it can be seen on the cable net sometime in mid to late 2007.