I feel like I may have missed something with all of this new talk about the Facebook phone.

About a year ago, it was announced that Facebook had partnered with HTC and would be releasing a phone in 18 months. I believe it was reported to run on a forked version of Android with an HTML5 front end (presumably to avoid the software update issues that Google is facing)

Is there any reason to believe that's changed? I feel like they still have 6 months before I really expect to see anything