Read Chapter I in its entirety (with exciting banner ads) on ComicGenesis. Does not include the superspeshul extra comic from the print version, though :)
The state of the current piece of art is: 100% pencilled, 25% inked. Now I understand why some webcomics artists have those little progress bars on their pages to show where they are in the creation of the next strip. This gives me a feeling of actually moving forward, instead of the usual "ugh! not done yet!" angst :)