I'm a little surprised at the fact that there is only one crane on this enormous site. From what I've been told they are going to build both phases at once as opposed to staggering them by a year as was originally planned.
My wife and I have a suite in phase I. I know most members here seem to hate this project but for us it was a good balance of price, location (proximity to amenities and work), finishing, builder reputation and suite layout.
Unfortunately, as was to be expected, we've already been given our first major delay. Occupancy was scheduled for October 2009 which we knew was impossible, and sure enough we just got a letter informing us of a delay to April 2010. Somehow I doubt even that date is realistic.