Team Xtender's PSP2TV nears completion?

From the looks of their most recent post, Team Xtender is nearing completion of their promising PSP2TV project—showing off the ability to display in both 4:3 and 16:9 aspect ratios. The PSP2TV will allow you to feed your PSP display into a TV; and it supports the use of a PlayStation controller. The team has also announced that the final build will feature an S-video output option.
Unfortunately, further details are still unavailable on the Team Xtender website.

[Thanks, Anuj]