After a reltively short half-month legal discussion with Hasbro, it's looking like Pony Tale Adventures will not be continuing. Hasbro has decided not to work with the group. It was a moonshot to offer to license or team up, especially with the NSFW version rolling around, but there was a bit of hope that for once, a fandom project wouldn't get blown to smithereens once it got big enough.
The team behind the game will be shifting gears into something different, while sticking to the core of what made G4 pony appealing to begin with. They haven't detailed exactly what that may be, but there will be ponies, just not the ones Hasbro can orbital nuke.
You can read their final announcement over on Patreon.