Okay, so we are version 0.3 of the Open Beta, and I think that the majority of the larger changes have all been accomplished, and that the only thing left is likely to be small tweaks and fixes (and lots of prayers to the great god, Murphy, to please let nothing go wrong...)
We have released the first supplement, Libram Novus #1, which contains the Spell Creation rules. It also contains information on how to use those rules for both modifying spells at the time of casting and for creating and casting spells on the fly (Improv casting).
I am working on Libram Novus #2 which will contain at least a Sorcerer class and Shaman class.
I am also working on a small adventure for Novus (the adventure is not new, but it needs a good bit of reworking before I can release it for Novus).
I am also working on the item creation rules (skill based item creation rules).
And last, but not least, I am also working on a new setting for Novus. I will start a new thread for that in the next couple of days. The setting is called Tyrlon (or I might name the city Tyrlon....).
Those are the things I am working on for the immediate future.