It looks like the VE project may get some fresh life breathed into soon with the addition of some new committers. If you want to use VE in 3.3, check out this bug or this link for a direct download.
A lot of thanks is owed to Philippe Ombredanne and Erik Hecht for constantly pushing this issue. Thanks guys!
I think I’m going to dedicate the next Eclipse BugDay in doing some triage for VE. There are over 500 bugs open and I think a little community triage would be nice to help give this project a reboot.