It's on the backburner for now. I've been working in Chicago, but still living in NW Indiana, so with the commute this leaves me about 1-2 hours at home where I'm not sleeping.
On top of that, I had to start going through the movie frame-by-frame in order to eliminate all the interlacing artifacts. There's still some ghosting that I can't get rid of, but the interlacing issues were much more distracting anyway.
This job should be done with in 2-3 weeks, though (temp gig), so after that I'll have tons of free time to crawl my way through this movie once again.
Don't worry, it's not dead - I'm going to tentatively say that it should be done by winter 2011.
I honestly don't know if I'm going to continue with my fan edit of the movie, though. I'm not going to touch it until I get the conversion finished at the very least.