It is not very likely to happen because Ian is very busy just trying to fix the site. He probably will not have enough time to set up any events for a while. He also has a life of his own to live you know.
It has been known that if things are said to be happening every year, as a yearly event, that this will not usually happen. Or if it does, it is VERY late. Ian is slack now, ever since he started getting good revenue from www.marapets.com, it has gone downhill. (Notice lack of updates, and the massive storm of advertisements.)
Update: Ian has announced the Undying Festival is to begin next week (starting Monday 2nd August)