Like Primus said:
We've been busy with other projects as well as real life (I'm in the process of finalising my wedding amoung other things) and I am also mainly focusing my FREDding time on the Wing Commander Saga as we are at about 98% until demo release.
However chapter one is fully FREDded, chapter two has three missions fully FREDDed and 10 others semi-done.
The other chapters are under construction (In terms of ship placements etc)
However, rather then release it as one big campaign, we'll be releasing it in chapters.
Chapter one will be the Antaries Federation campaign.
Chapter two will be the Hammer of Light campaign.
Chapter three will be the GTA campaign.
Chapter four a joint campaign.