Hi! We actually formally pulled it from the schedule a couple weeks ago, telling distributors we'd resolicit when we had a new release date. Michelle's pretty annoyed with me about it -- I'm the slacker writing it, or to be more precise not finishing writing it -- but it needs at least a few thousand more words, plus playtesting, and I just have to find the time to sit down and do it right. When it does get finished, it wouldn't surprise me if it's longer than the original 48 pages planned. Sadly, as the guy running the company, pretty much everything other than my own writing takes priority. (For example, my current much more urgent things to do are to lay out Occult Lore -- so that Scott can focus on Nyambe, which has a new graphic design, whereas OL simply is in the usual Penumbra format -- and to proofread and finalize for press the 2nd edition of our Unknown Armies RPG.) I should know better, from experience, than to put anything of my own on the schedule unless I'm at the same moment handing in a final draft of the text!
Anyhow -- long story short: It's late, it's my fault, and I don't know when it will be published. Could be 4 months, could be 4 years. Them's the facts.