I just presented the major focus of my time and effort for the past year-and-a-bit, StegoTorus, at this year’s ACM Conference on Computer and Communications Security. You can see my slides and the code (also at Github). I was going to explain in more detail but all of the brain went into actually giving the talk. My apologies.
This is an ongoing project and we are looking for help; please do get in touch if you’re interested.