Indeed, back from the dead!
Technology and market competition has changed significantly since the release of the Versarray. There are far superior solutions at reasonable prices and I would not recommend Versarray to anyone in today's market who is looking to purchase an array solution.
They sound pretty decent directly on axis, but take a stroll off axis and you will find that they are very inconsistent. Pattern control is very poor, and the "safe" preset that Peavey provides has the crossover point so high it is no wonder. HF headroom is very limited, so while the ribbons might be smooth sounding, transient peaks will quickly show the limits of the HF as the overall volume increases.
10 years ago they created a bit of buzz and had some bang for the buck. They are super long in the tooth now, even for smaller providers.