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About hyping the whole idea...I guess they are. They are definetely going for a "headshot" and I guess they want to let Google show all the cards before they do anything.
[webmasterworld.com...] - This at least shows that they are making some progress, but again it's taking too long. It wouldnt hurt to send an email from time to time :/
I like Google's strategy more, they release a beta product, and let it be. Unlike Google, Yahoo like's to play safe. Or lets say they want to release something that's perfect.
My assumption is that it should be relesead within 2-3 months. Whatever the deal is here, the longer they wait, the more money they are losing.