It's somewhat of an "urban legend" about Peter wanting to give all his stuff away...his actual philosophy (according to Jet Celmins' bio of him) was to keep just the minimum as to what was needed to live comfortably (but not extravagantly) and give the rest to charities, etc. Apparently, Mick took it to mean give EVERYTHING away and couldn't grasp what Peter was getting at.
As far as I know, yes, Jeremy is still affiliated with a less radical faction of the "Children Of God".
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Among God's creations, two, the dog and the guitar, have taken all the sizes and all the shapes in order not to be separated from the man.---Andres Segovia
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