It's... a pretty hefty project. They're currently working on introducing new canon units to the game, reworking the AI, and upgrading the code to allow for better graphics in the form of LODs, enhanced textures, redone models, and all that jazz.
I don't know
exactly how far, but there's this awesome screenshot of a Fafnir that I fell in love with immediately.
Picture is of a Fafnir on the left, and a Lupus (which I've never seen before) on the right.
There's more than just those two, obviously, but that's a better picture.