It's a bit clearer what Trip's up to now thanks to an interesting profile in the most recent Escapist Magazine. He doesn't say much about his time at 3DO in the interview:
"For me, and this will be the last thing I say about 3DO because it's kind of a waste of our time, there were elements of failure from 3DO that were very humbling, that were extremely valuable lessons to learn."
He's currently running a company called Digital Chocoloate which aims to make casual, social games for mobile phones which is a bit different from his previous ventures. His ego still seems to be the same, though:
"Basically, I realized that there was a formula that needed to be followed, almost like a recipe, in order to assure long term business success. And it's very complicated. And I've started codifying this formula
And after I had it up to about a dozen critical rules, I realized, wow this is actually a really valuable trade secret. So I started documenting it, but I didn't tell anybody. And I basically told the board of directors and I told the management team, 'Look this is going to turn out to be a valuable trade secret. I'm gonna talk freely about some of the things we have to do as a business, but I'm not going to give anyone a copy of the rule book, the recipe."
Anyway, the whole thing is worth a read.