Greetings all...
I am part of the original dev-team, originally slated to do the final layout. I also procured a ton of artwork and the respective artist's permission to use it. On top of that, I sort of took on the website. I really should update that, but I have to find the account info first (computer crashed a while back).
Anyhow... the main question seems to be the current status of this project. Since there is no one person in charge, I can't really say. However, I have been involved with this project since the (almost) very beginning, so here's some history for you:
There are always big spurts of activity, where a lot gets done. Then, all of a sudden, things quiet down for a few months. Some people lose interest, and move on. New people come in. The next spurt starts. Some new material gets added, some old material gets rewritten. Things quiet down again. Then, things pick up again. We finish several chapters, but then things bog down in minutia over spell X is more powerful than Magic Missile, or if Magic Item Y should be 1,500gp or 1,501gp. (This is exaggurated, but you get the idea). After several pages of minutia, many lose sight of the big picture and leave, or wait for new posts (which don't come for several months).
So, right now, we appear to be in a very big dry spell. The project might continue, or it might not. Contribute material, or go to the Yahoo Group posted above (haven't checked that one out yet). In any case, there's material available right now, so feel free to take up where we left off. I'll be monitoring the thread periodically, and I am still more than willing to put the layout together. Once I find the site info, I'll make sure to do an update. I am also thinking of actually putting a community site together to facilitate updates (and get an actual message board for development instead of having to use only one thread for everything).