The last I heard, ShareCG does still intends to eventually reinstate sharing the wealth.
If you check jakeheller's response on http://www10.sharecg.com/wwwthreads-5.3/showflat.php?Cat=8,9,10,11,12&Board=discussion&Number=97401&page=0&view=collapsed&sb=5&o=0&part=
you will see the following response:

Yes, we do intend on bringing revenue sharing back. Designing the new system is what has been keeping us busy (as well as working on our sister sites, which are also important for our revenue--and are essentially paying for ShareCG's existence right now). Please continue to use the site's benefits other than revenue sharing--i.e., downloading quality downloads... we hope the site is beneficial to its users, even when we don't pay 'em.