Bird's eye view of PEX/PEP1-2

Hey all,

I'm wading through the posts here, but it looks like I'm a couple of years behind . Can someone provide a synopsis of the vision and where things stand today?
What's the status?
What are the current needs?
Goals achieved?
Is someone managing the project now, or is it still a discussion/brainstorm?

Thanks!

I think this thread is Paul's most recent posting about PEP1.

Thank you!