I heard a recent lecture by Fr. Peter Gilquist and in response to a question he said some people working on it had been sick, he was undergoing cancer treatment, and I think one person had died, and it would be delayed until, he hoped, summer of 2006.
I decided not to wait, I bought the Orthodox New Testament and put the Sir Lancelot translation of the LXX on my PDA. That can also be purchased in an updated language version as the Apostles Bible.
S.