Nope. As you can read in the AmiWest transcripts and hear in the mp3 (the Q&A), the Picasso96 license is still not forthcoming AFAIK.
It may be that the P96 guys aren't prepared to grant a license until the various other licensing and IP issues are settled in court, in which case I have no idea what might happen.
However, although not yet confirmed, I believe the recent patches and drivers for Amithlon 1.0.1 may enable that to run Xine too. Take a look at the README for the patches and read between the lines about "future" software.
:-)
This doesn't help if you don't already have Amithlon and there's no legal way of buying it.
:-(
