As you can see, PsycleII has been renamed.
Go to the OMS project page [http://www.sourceforge.net/projects/oms] for the active project.
The sourcecode for PsycleII was lost in a fatal hard disc accident. Fortunately, some of the documentation survived, and a new codebase has been born. There have been a few minor changes to the over-all design, and a little change to the focus, but OMS will still support all of the features that made PsycleII cool.
PsycleII is currently stalled. The primary development team also happens to be the small, understaffed crew of Sonos Interactive, Inc... a start-up seller of Digital Audio Workstations. We have entered the starting phases of our initial product launch, and we will be very busy with it for a few months. Check back. It won't stay on the back burner too long. =)