Tenjho Tenge may have been snapped up but there are a number of other manga series that CMX had in their line and Tokyopop is considering them. With mixed results from previously picking up titles from the now gone ADV, Tokyopop is taking it’s time and considering it’s options.
Some criteria they’re considering are if the title will fit their current line of titles, if the title has a large enough fan-base to make the re-license worthwhile, and whether the translation should be kept as-is or re-translated.
Personally, I hope someone picks up Emma and Shirley by Kaoru Mori. If not, I guess I should snap up the volumes before they become collectibles!