Guys, this is getting stupid, arguing for the sake of argument's sake.
Stick to the topic. The question was, is PFS3 being worked on?
MorphOS: Yes, Harry is working on that.
AROS: ?
OS4: ?
OS3: ?
The drive capacity supported by SFS is irrelevant to this discussion, but to offer my 2p worth, if the maximum number of 512K blocks is represented by a 32-bit integer anywhere in the system, then you are definitely out of luck once that integer wraps round. No amount of shouting is going to change that.