Due to prioritization of other work-items this has been moved to the backlog. We will update when it is being actively worked on again.
As mentioned in the prior status, the channel limit was raised from 100 to 200.
In the near future a retention limit will be set so you can still go back and reinstate a channel you had deleted. Once the retention period has expired then the channel will get a hard delete which will free up the space and no longer count toward the 200 channel limit.
This will help with some of the issues you have voiced in the comments below.
But I understand many of you wish the limit to be further increased. I will continue to provide your votes and comments to the feature team.