Armies of Arcana was sold to a group centered around Terrain Warehouse UK. They made a 5th edition, but I do not know what their plans are for it in the future.
It was sold to Lone Gunman Games, who have done a great job supporting it while expanding their own lines. Check them out!
Yes! It is made in a new, limited edition form from laser cut wood! It can be ordered at Etsy!