I haven't heard much about it until I stumbled upon some photos and articles.
Apparently, lot of restoration and reconstruction work has begun for some structures in Intramuros severely damaged during WWII. Among those that are about to be completed or opened soon are the following:
Ayuntamiento de Manila - the original seat of government of the city of Manila in the 16th century. I must say that I am quite impressed with the interiors which wouldn't look out of place in Europe.
Currently undergoing reconstruction is San Ignacio Church originally built in the 17th century.
So far, I liked what I see and hoping that more structures would be rebuilt. It's also nice to know that illegal settlers within the walls are being relocated elsewhere (partnership with Gawad kalinga) and will be given tourism related jobs inside Intramuros. I also hope that the historic center will likewise be pedestrianized soon.Edited: 5:59 am, March 14, 2013