Wiki page seems to have moved to http://cwiki.apache.org/confluence/display/CONTINUUM/Project+Dependency+management+improvements
Current contents are:
To support correctly ANT and Shell projects, we must allow users to add dependencies on projects linked to some other projects managed by Continuum. Of course, if projects doesn't know where are installed new artifacts, they won't can use this feature.
To manage dependencies, we'll can use a m2 POM.
Rahul, is this still something you plan to work on? If there is interest, it might be better to have a discussion on the dev list and open a more specific issue.