I can tell you where it's going--absolutely nowhere.
Even if 500 people show an interest, there's every chance that Penn would have to retool to make the reels, and that ain't happening. The factory where they were made is closed--maybe even sold--and more than likely, all of the equipment was sold or scrapped, too. They're not even making parts for existing Spinfishers any more, from what I've been told.
K2 has no interest in building a $100 reel that will last for 30 years.