Many years ago when I first found out about the Neutopia III project I was very excited and still excited for it's release today. I do see that there may be legal issues with releasing it now under the name "Neutopia" because of virtual console especially, however I hope that this can simply be released as a spiritual sequel to the original franchise that we loved. I know that it is less desirable to release a game that is not directly tied in to the official Neutopia series, but that definitely does not make your game any "less" than the original if it is a spiritual sequel. You might even say that we live in an age now where spiritual sequels are all over the place where fans and/or creators have united in order to bless gamers with all new iterations of the games they were best known for, or based on the classics we grew up with. And in some cases these new games and new franchises can even outdo the originals that they were based on.
I really hope to see Frozen Utopia finish this title up, even if it's called by something else. Besides, if you end up doing that you should have absolutely no issues pressing and selling the game directly just like you all did with Mysterious Song. Yes, there will be some repro folks that show up, but it would be much easier to stop them from doing what they are doing on places like eBay if the game and it's contents are copyrighted to your team.
I bought Mysterious Song and enjoyed playing it, and I know there is a push for making the sequel to it, but personally above all of your other projects, this one has stood out to be the most unique and most desirable for me. I'd buy it in a heartbeat directly from you all as a pre-order.
-Thomas