There was no need to bring a two year old thread back from the dead to point out an addon that is similar.
Another major patch in the making with a lot of API changes and Statusbars2 breaks.
With my limited lua knowledge I kinda got it to work, but not every part and I'm not able to patch in any of the new resources.
But I came across a fairly new, very nice addon that certainly has Statusbars as its inspriration.
If you got so used to Statusbars like I did, that WoW is not the same without it, you might want to give Galvin's Unitbars a try.