It seems the ambition to rebuild to Wadebridge has been reignited in so much that a new(?) website has appeared:
7 or 8 years ago bodminandwenfordrailway.co.uk had some quite detailed proposals for a trailway or railtrail that would relay the tracks to Wadebridge while accommodating the Camel trail. These included a short diversion of the cycle path so it uses the old North Cornwall bridge rather than Pendavey, and creating a new tunnel at Polbrook. All this material mysteriously disappeared not very long after it was first posted and has since purged from the waybackmachine as well. I'm delighted that the idea is being floated again. As I've said before, Wadebridge is a much more prosperous town than it was 30-odd years ago. A link to Bodmin Parkway could be as viable as any of the other Cornish branch lines.