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Unfortunately, Jive Props isn't going to be updated. As for replacements ... depending on the level of peer recognition you want to do ... you might consider looking at TemboSocial Recognition. (FYI: Brennan Kirby).
That being said, TemboSocial Recognition usually leads to deeper conversation with corporate values and HR ... and I'm not sure if that is something you are ready to do given...but if you want my opinion for the best alternative for Jive Props and Peer Recognition ... TemboSocial recognition would be it. Every customer that is using it, loves it ... at-least to my knowledge...and it goes a long way to help quantify the impact and quality of a company's intended vs. actual culture.
See TemboSocial Recognition | Add-Ons for Jive for more details.
Hope that helps.