  The Planet Formation Imager (PFI) Project is dedicated to defining a
next-generation facility that can answer fundamental questions about how
planets form, including detection of young giant exoplanets and their
circumplanetary disks. The proposed expansive design for a 12-element array of
8m class telescopes with >1.2 km baselines would indeed revolutionize our
understanding of planet formation and is technically achievable, albeit at a
high cost. It has been 10 years since this conceptual design process began and
we give an overview of the status of the PFI project. We also review how a
scaled back PFI with fewer large telescopes could answer a range of compelling
science questions, including in planet formation and as well as totally
different astrophysics areas. New opportunities make a space-based PFI more
feasible now and we give a brief overview of new efforts that could also pave
the way for the Large Interferometer For Exoplanets (LIFE) space mission.
