~*UPDATE*~
Ok seems we ran into some computer is dead (bad PSU, corrupted files) issues and some encoding errors (bad adobe is bad) that pushed the final encode back a bit.
But..
We are on track now for the
release to be on Saturday, June 5, 2010 give or take upload times. We are pretty happy with the video quality but not so happy with the responses or submitted videos from a-m-v.org

[except Kenzichu who did submit a great vid for this project
THANKS!)
We'll update again once the final video is uploaded and let you all know so you can grab it, rate it, and provide us some useful feedback.'
Stay tuned for the announcement of AMV Heaven Vol 2 coming to a forum near you.