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Ragnar Tornquist has set up a 'new' studio to spearhead development of Dreamfall Chapters, licensed the rights for Dreamfall from Funcom. He is still going to keep an advisory role as 'Creative Director' with regards to TSW. But I think you have to face it as far as Ragnar is concerned he has moved on ... gone as far as TSW is concerned.
Thinking ahead to all the positive people out there, you just can't spin an advisory role in a good light. People are basically paid for doing nothing more than associating their name/reputation to a product/service. Ragnar has left the building as far as TSW and started his own studio - good luck to him.