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The core code of the software was indeed finished late September / early October. 1-2 bugs kept us from releasing it. I'm still expecting some kind of news concerning a development device from Karel. There's honestly very little left to do, but we're blocked as long as we can't fix this bug.
In the meantime we're working on a full cache system for the RSS feeds. Downloading feeds and newspapers will be much faster as soon as the cache is ready. Nothing really changed for the books though, except that we now output epub files too, and this will be available in the application too (epub support through FBReader on the iLiad).
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