"Our goal is to bring this update to release somewhen between summer and autumn this year." They also have development updates on Skyrim ("Markarth is now where Cyrodiil was a few months ago - which gives us hope that the update is right around the corner"), High Rock ("while... still very early in development, its pace and the excitement of our team members promise a bright future for the project") and Hammerfell ("while... still quite far away, there is plenty of Redguard content coming with the upcoming Abecean Shores release - and later, with the city of Sutch").
They also note about the sister project Padomaic Isles: "Padomaic Isles is close to its very first release - Temaris!"