There have been many talks about personnel willing to help and wanting to aid in the revival of UCE. Myself and others have made available resources and avenues for you all to do just those very things. Join the team, (which is currently a team of one...me!) We have a mailing list that has gone dead as no one responds to it anymore and we have multiple threads here on this very forum of folks stating they are willing to help and i have put out calls for people to help in this project and have not gotten one response back. Yes to answer your questions there is already a release in works.
Dansguardian + Privoxy for content filter
Bible based applications
Multiple applications for overall system management
IE: gnome-tweak, bleachbit, start-up manager aka bum, plus more
What is needed is artwork, wallpapers, splash images, etc.
We have threads such as: http://ubuntuforums.org/showthread.php?t=1878684&page=4
of people stating interest. Well how about we combine efforts here and form a formal, oraganized, structured team and make this happen! Theres plenty of work for everyone to go around!