As far as I recall they made some dev boards (1000 euro for a lot of three I seem to recall, for the main guys. Should not be a measurement to the final cost due), and they seem to be making progress on the 050 softcore (fpga).
The guys seem to know what they are doing, and the features seem to result in a board that will fill the needs of people alike me who want the best Amiga-experience, but are by no means collectors.
Still, beside the minimig - I got about a lifetime of watching Amiga projects that never materialize.
*text that contained a clueless returning Amiga user trying to understand the marked, but was reminded that it is against amibays policy to help returning Amiga users back to their bliss, since it might give the "I bet some nostialgic sucker will pay a bundle for this in the classified" less money for his attic-cleaning*