Any work being done on the ported "Pismo" version for Windows?
There is no one working on it ATM.
However the mounting time takes quite a while for large files.
That's because MLVFS needs to build an index file (.IDX file). Basically it searches through the MLV file and builds a table of where all the data is, that way it can access the data quickly. This may take some time for extremely large files. It does this on Mac too, but only "on demand", so the Mac mount will show up instantly, but you may have to wait for the index files to get built before you can actually browse or use the mount. You only have to build the index files once though. So the next time you mount those files, it should be much faster (as long as you don't delete the .IDX file). If you playback the video in camera, the camera does this too, and it's the same format (actually much the same code), that builds that file, and MLVFS can actually use those index files. So if you playback in camera, make sure to copy the .IDX files, and MLVFS should mount faster.
Having "random access" storage (SSD, SD, CF, etc.) will likely make building the index files a lot faster as well. To build the table we don't have to read very much data, but we do have read a little data from all over then entire file. Spinning disks are not so good at this because of "seek time" required to move the head around to different areas. With solid state, we can read from anywhere in the same amount of time (hence "random access").