Development over the past couple months has been focused on a lot of back end projects; bug fixes, tying up loose ends for existing code and reworking some systems, such as player movement. The downside to this is that it's really hard to show pretty pictures and videos for a lot of the code changes.
However, GodGundam(model) and Enix(texture) have recently sprung back into action and have crafted a new Piccolo model.
The ESF team might be in the market for a 2D artist to help out with the character select screen and HUD. If you're interested feel free to send a note and some examples of your work to Mastasurf@esforces.com
Also, When you get a chance you should drop by the forum and thank the beta testers. These guys have been there week in and week out finding new bugs and testing fixes.