Mowgli... as far as im aware beta testing is going on right now. I would imagin a completed project should be available fairly soon... i dont know when... but as the Kpt would say "ready when its ready"
You have a great group of modders who want to turn out as high end a product as possible, making sure everything works right/stability is their top priority.
given that the GWX 1.04 update is in or near its final stages the guys who usually post the sneak peak threads are already jumping through flaming hoops.
Your optimism is good and keeps these dedicated individuals encouraged
you wont be disappointed with the final release.