No, Wolfgang Palm is enjoying his retirement and is not making a comeback. But Liquid Sky Artist Collective, Liquid Sky d-vices module makers, and Cornel Hecht from Hell Modular are making the PPG comeback possible.
As a side note, Cornel Hecht was responsible for the UIs of PPG’s recent plugins and iOS apps. (RIP these great synths.) The team licensed the name PPG from Native Instruments to use the original branding on their products.
The initial launch features the PPG W2.2×4 dual wavetable oscillator, a Eurorack module. A highlight feature of this module is its inclusion of all the iconic wavetables from the original PPG Wave 2.2.
PPG W2.2×4 hosts two independent wavetable oscillators with waves and tune sliders and fine and mix knobs. Additionally, each oscillator hosts a flexible sub-oscillator with the same parameters as the main oscillators.
Then, you get an overdrive and a built-in VCA. The developers promise that it delivers classic and authentic PPG sound in a modern modular format due to its VCA/overdrive section.