Here's a tl;dr from the Saints Row livestream
- It's a passion project, being worked by Mike Watson (IdolNinja) and Thomas Jepp
- Focus on performance, stability, integrating Steamworks (coop will return)
- Audio is being fixed too
- DLCs (previous X360 / PS3 only) will be added
- Completely free, will be added to Saints Row 2 owners' library automatically
- Gentlemen of the Row fixes will be implemented on the patch and the mod will be updated to work with the updated version of SR2
- Saves made in the actual version won't be compatible with the updated one but you will be still able to play these by launching the old version
- No release date
- For now the update is only coming to the Steam version, but there's a chance of it coming to the GOG version in the future