Well, the currrent status is that the modules are being actively tested (began Saturday night with final testing), and testing tentatively finishes Tuesday. This does not mean that on Wednesday it will go live. It means that the fixes will start getting put in following that, while the rather overworked Dorg will continue working script issues. So at this time there is no firm date.
If you look in the gallery you'll see screenshots popping up most likely over the next few days. The test group (chosen based on test group balance and matching timezone availability) seems to be fairly excited about things despite bugs here and there, and while they're not allowed to comment on things, they are allowed to post any screenshots not associated with items... so I guess the gallery is a fine place to see what's going on.
A lot of hard work from experienced people is going into this and it's going to show. Patience is always difficult, but it's months and months of work that we're trying to get release-ready, and large doses like that are always hard to get down right.