Looks like a lot of fun. A good exercise would be implementing the same thing with an FPGA. One of the first projects I did with an FPGA was implement an alarm clock using RTOS. Great learning experience.
As i said after the original TTL project is finished i will be implementing it into an FPGA 
Don't do it. FPGA's run a lot faster so you time will pass by a lot faster

About DesignWorks: I don't know the status of it at the moment and if it is still active sold. It seems not maintained for the last 10 years.