And it looks good! As of this post it’s around 50% done (I prefer to think of that as half-full, thankyouverymuch).
I have been testing the alpha and love it. Often when answering questions about WP I find myself writing “Go here and just click on this…” only to realize it’s not available in 2.0.4. And before you ask, no, there is no release date.
For those that use WordPress, this will be a “Drool” release ;’)