GZigZag is beginning to reach the end of the first stage in some areas, and is even in the second stage in some (ZZPersistentDimSpace file format). However, some things I have not even begun the first stage yet on, like networking and slices. Those will make life interesting in the future ;)
I keep thinking about how to make the first interesting structural text demo. What structure etc. One thing I'd like to do at some point but which may be a bit too difficult right now is to take RFC822 (email&news message format), which is long and needs to be read sequentially because of definitions of the formats etc. and make that into REAL hypertext. So that when you look at a definition, the definitions required to understand it float nearby on the screen, reduced in size and you can click and smoothly move into one of them.
FOAF updates: Trust rankings are now exported, making the data available to other users and websites. An external FOAF URI has been added, allowing users to link to an additional FOAF file.
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If you're a C programmer with some spare time, take a look at the mod_virgule project page and help us with one of the tasks on the ToDo list!