Is there any release date?
Maybe the end of the year?
Who knows? They said near the beggining of the year that it would be done in 45 days, which has well passed and they are just now showing some of the textures of a few terminals. My guess is that it will still be a few more months out, like Sept or later.
Like someone else said, I think they are trying to do to much at once, rahter than just concentrate on one project, finish it, then move on to the next one.
It will be interesting to see what the final project looks like, but more importantly, it will be interesting to see how well it performs. If it ends up being an FPS killer I will have to pass and just keep using the FT FS9 version in FSX, which is far from perfect, but better looking in some regards to the default version.