Yes, he went and did it!
After 24 years of spasmodic wrestling, this was finally mixed at Mark Ayres' Studio in the Summer of 2010 and is out on Tonefloat in CD and LP (+CD) forms.
It is indeed the journey of a melody: It gets born and sets off to confront its present and future in 16 continuous sections – it's probably best if you read the Full Notes.