Well, I was hoping Jean might have popped over here to give an update, but no matter. From what I understand (and this is reading between the lines in a big way), most of the stuff is done and the last bit was getting the Traveller ship combat to tie in with the SFU, which scales things very differently. This looks like it might be nearing completion and the final product might not be too far away, in fact I would not be surprised to see a late 2014/early 2015 release date for this bad boy (but don't quote me on that!).
I for one really can't wait for it to arrive - it might well become the definitive SFU Rpg.