The project includes plans to digitise some of the texts and make them available via Cambridge University's Digital Library, which recently added images of Isaac Newton's papers. I think everyone is hoping for a renaissance of Sanskrit studies at Cambridge, and perhaps also for Buddhist studies (CU presently offers no separate courses in Buddhism).
Last Friday I attended an informal talk by visiting scholar Harunaga Isaacson and saw pictures of some of the manuscripts. I felt privileged to be amongst such illustrious scholars (people who are fluent in Sanskrit and the many variations of the scripts). I will try to add updates about the project as it goes.
Image and text borrowed from the University of Cambridge Website. Their account of the project is here: Powerful Words.