Great! I think I first heard about this a few years ago. Was it ever shown to the public in any form (presumably without FX)? At any rate, I would love to see it completed.
No, the film has not been shown to the public as of yet. We hope to have the film completed in 2012. A teaser trailer (VFX only) is nearly finished, and we will be putting it online in a couple of weeks.
Here are three new shots of the USS Yorktown, as it appears at the beginning of the fan film. This is how the ship looks before it is given a refit.