The Eternity page has been updated, and we will copy and paste straight from it:
Beta 5 of the Eternity Engine creeps closer and closer. Major triumphs have been made with the new FraggleScript compiler. The parser is now complete and builds an accurate, working syntax tree. Remaining work includes the code generator and interpreter, the latter of which will be quick to build.As well, there is an easy-to-digest progress report on the engine.