As it stands now, it's going to be a fan project that will be worked on "live" on this blog. I can pretty much guarantee that the end result will have little resemblance to Rifts, but that isn't the goal. The goal is to mash up something that is viable on it's own AND can serve as a relatively coherent engine to play in the Rifts Universe. Or Mechanoids. Damn, i liked Mechanoids.
First thing I'm going to brainstorm is which classes can make the transition intact, which ones need tweaking, and if any need created.