Oasis is still being developed, I can say that much. But I will probably never have a release date for it to tell you the truth. I think we can all agree that giving release dates is nothing but stress. Just look at 2k2. People just started making up release dates, and then when 2k2 wasn't out THAT day, people would go nuts.
I don't have a percentage of completion either, since I really don't know when it will be "complete" enough to open to the public.. I will know when I reach that point.
Kaimetsu is finally done with his exams, so he will be working more on scripting the systems and stuff, the graphics are pretty far along.. I would say.. nearly halfway done (this is tileset, sprites, and other graphics all together)
I still need to go over ALL the graphics and detail them and fix them up. So I can't really give you any estimation. I could say a few months from now, but I could be wrong.