Is anyone else working on a public domain, Modern English translation?
Yes. Dr. Maurice Robinson is overseeing another project to revise the ASV into what he is calling the Modern American Standard Version (MASV). That project is not on quite as ambitious schedule, but it should be worth looking at when it is done. There are now some other works, too, like the Updated King James Version at http://www.geocities.com/updatedkjv/. People often ask if we are aware of the New English Translation, and we are, but it is not Public Domain. They do allow free downloads for personal use, though, and there is a lot of scholarly work that went into that translation. In particular, the translation and study notes associated with that translation make it an excellent resource for Bible study.
Yes. Dr. Maurice Robinson is overseeing another project to revise the ASV into what he is calling the Modern American Standard Version (MASV). That project is not on quite as ambitious schedule, but it should be worth looking at when it is done. There are now some other works, too, like the Updated King James Version at http://www.geocities.com/updatedkjv/. People often ask if we are aware of the New English Translation, and we are, but it is not Public Domain. They do allow free downloads for personal use, though, and there is a lot of scholarly work that went into that translation.