I'm disappointed but I know it will get done eventually. I just hope it's not too far into the future.
As soon as something substantial happens I'll start posting again, but don't hold your breath...
UPDATE: (19 July 2011) the single-carb cylinder head has been disassembled (valves, rockers, spindles, etc.) and it's off to the machine shop to get blasted clean (always amazing how new stuff looks when it's back from blasting). It will get new valve guides, oil seals, valve seats for unleaded fuel and all surfaces trued.
Here's a "before" shot: