Yesterday I went to a workshop on eCS 2.0 at Warpstock. It included an install and demo of the latest beta refresh.Essentially the bottom line is the 2.0 release is closer to being ready. There are still a few issues that are being worked out - some difficulties with eCS 1.2 and 2.0 co-existing on the same machine when bootable JFS is used, and a few other issues. But overall things are going forward and a release doesn't appear to be too far off. Keep in mind that I'm just reporting based on what I saw, and I do not in any way speak for SSI or Mensys.
There is no official date yet that I heard, as this depends on sorting out the current difficulties and whether or not any other issues turn up with the beta.