I'm sure that Cotulla will make it for the Magician 64MB. He'll modify 6.5 and do the things which only he knows.
yes, I have some plans. Yes, amount of free RAM is main problem.
Here two solutions - main idea to use SD card as user store (like in Motorolla MPX200)
another - to fit user data and os into whole 64 ram
new roms will have extra ~5 mb of free ram which is very good for 64 mb devices. at the end maybe possible something like: 20 mb of free memory for programs, 5 mb memory for user data....
I think it's good to make this rom only for Magician64 devices, on Magician128 this rom will be more slow, so no reasons to run it there :P
Honestly, I like 65 on my Magician128. It's very fast on 208 Mhz :P Other devices (XDA Flame for example) very slow on it