Mark,
Work continues on the project. It was tough to get too much done with preparation for the 2005 Women's Open but we're getting there. As Steve said, there are some older posts that talk about the project. I even put up a few photos of some of the work.
The evolution of the course is amazing and what people have been playing (and rating) over the past 30 or more years is much different than what Flynn originally designed (particularly in terms of trees, fairway lines, and bunkering). All this dramaticlly impacts strategy and when the restoration is finished, it will be a very special golf course and one of Flynn's best.
I went through our Master Plan with Gil and he was beside himself and really excited about it. He knows the golf course and did an article about it many years ago.
As I said in my interview with Ran, patience is required on many of these projects. They take time.
Mark