Not the impression I've got from the local papers - I remember various ideas being mooted but haven't seen anything to suggest they are being considered. Certainly the current scheme seems pretty permanent with a lot of street furniture being installed and roads being resurfaced & re-prioritised for the buses etc. I'll have a read around though and see if I can dig anything out.
I don't think an interchange on the north side of the station is an option, it would be well out of the way of most routes and would be a nightmare in terms of access, the only bridges under the railway being the congested Caversham Road and Vastern Road bridges. Something to the west of the old interchange could work though.
(Sorry for being so OT, only realised on looking back at this thread
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