The only problem with our progress was that there wasn't any.
When we first announced it, it got a lot of good publicity, which was great, but it was also a lot for us to do and we were both relatively new and inexperienced with it.
Once the project had been in the "pre-production" phase for a bit, people started getting anticipated but weren't seeing results, as we were overwhelmed.
So, when at long last we had accumulated what we needed and started shooting, we had a hell of a time getting everything set right, getting actors who weren't total ass-tards, and all around lining up the scenes with the original movie. This part took up mostly the third year of it's initial announcement, and you could imagine how sick of it we were by then.
Upon releasing the footage though, a giant swarm of views and applications came in through Youtube and the forums. Warren and I were getting at least one PM a week asking to join the project, and we just were too busy setting up the rest of the stuff to get with them all. In the end though, with the added pressure and the constant nagging for completion, we decided on a hiatus.
Now, give a year later, and Warren's had major hardware failures since then. All of the raw footage of the first ten minutes you now see on Youtube is gone. Given that added to the already going hiatus, we figured it was about time to just go away for a little bit. We were still being pestered and we didn't even have a leg to stand on any more. So, on a sorrow note, I locked the original topic and let it die into ambiguity of the back-logs.
tl;dr, or, long story short: it's our project and our love-child. It's not dead nor will it be anytime soon. If it were to be handed over to another for completion, then it'd be by us, not through your asking.