Release 5.2 is now available with the SELECT ... INTO syntax supported.
See our blog article about the 5.2 release.
We have it working for 5.2 but I don't have a ship date for 5.2 yet as we have a number of other features we're still working on. If you need this right away we can provide a beta version if you'd like - just submit a support ticket and we'll send you a download link.
This is being developed for VistaDB 5.2.