They're still working on this, with four more stations planned beyond Berryessa (Little Portugal, Downtown San José, Diridon, and Santa Clara), plus an additional infill station on the Berryessa line. I think that would be really cool. Unfortunately it looks like this new extension won't be that competitive with Caltrain as a way to get to San Jose from San Francisco. Maybe at non-express times.
Also, it looks like it won't be complete until 2040!?