Yes the old devs abandoned the project and walked away.
Arteleis helped rebuild the team, and i created the logo and graphics on the new wallet.

Silk is only on Poloniex therefore no arbitrage is possible. Who wants SILK now needs to buy from Polo. Silk is now the fifth market in terms of %UP
A lot of liquidity from others coin is going into the silk project.
Truly awesome.

Here is an updated graph to show the total money supply of Silk as well as the inflation rate:


Each black bar represents one decade of Silk money supply creation. The white curve shows the change in the inflation rate over time. 44,000,000 SLK will be the initial money supply. Each year, because of the static PoS block reward of 2 SLK, only 986,175 SLK will be minted. The total money supply of Silk is hardcoded to 2 billion SLK and the network should reach that supply in  about 1984 years.

After the first year, the inflation rate will be 2.145%. By year 10, the inflation rate will have dropped to 1.831%. As you can tell from the graph, the function that produces the inflation rate curve is negatively hyperbolic, and it converges, over time, to ~0.0493% inflation per year.

Hopefully, this clears up any confusion about the supply of Silk. Please do not hesitate to ask any and all questions you may have here, in a PM, or on the Silk Network Slack Group.

A more detailed analysis; including extensive data, forecasting, graphs, (and more!), of the Silk Network will be included in a forthcoming paper that I am currently writing to be released before the end of 2015.

I think there was talk of an ICO. When will this be going on if so?
That along with a coin swap, what would be the swap ratio? 1:1 Etc.

The old Silkcoins will be swappable 1:1 for the new Silk SLK.
This will happen 1 month prior to the DarkSilk DRKSLK ICO.
When will DarkSilk be released? When its done!

There will be two sets of coins SLK and DRKSLK, the benefit of heaving two independent coins instead of just one has yet to be disclosed.
There are no set dates to ensure development is not hastened by community pressure.