No matter the intent, many things will pop up between now and whatever you decide to do after graduation. This project has held much potential from the get go and if you're a perfectionist like many of us around here, releasing a semi-completed 'workprint' version wouldn't do it justice. My advice would be to release a completed (or nearly complete) scene from the film that you are extremely pleased with. That would certainly whet the appetite for more. Take your time and finish it as time permits. If the day comes when you believe your fervor for this film dies and your desire to finish it to your liking no longer remains, then that's the time to release what you've got. But, if all goes according to your plan, Summer 2008 will bring a completed work that (provided you are pleased with the final product) many fans will enjoy seeing in its (meaning 'your') intended form.
Keep to it, but don't let this kind of project interfere with life!
savage.