We have just started devlopment and have built a crude fgd.
No screenshots as of yet, however.
Features include -
New hud
slower walk
working dlls
basically everythings going ok.
We could do with a moddeler, actually we NEED a moddeler.
We now have a new outlook on how we edit etc, things are looking good.
For a rough, unpolished beta release id say, 5 - 8 weeks, if you are lucky.