A better idea to me putting when I expect this to be released is to explain what is done and what needs to be done:
Menu: Done
Retranslation: Done (FMV need to be redone though)
Custom Tools: Done
Submarine minigame: postponed for another day, but partly done.
Other minigames except Fort Condor: Done
Installer: Not done.
Testing: Not done.
It's a matter of making it all work together now and then releasing it. It isn't long off, and I really expected it to be done by now.
There are going to be numerous issues when it's released and that will need to be ironed out over the coming 3 months. Despite best efforts. Anyone wanting to do a full play through of FF7 should be good to go, but I'd definitely recommend waiting until teething problems have been solved. (people are going to find grammar issues, and make other recommendations).
I've now removed the Menu Overhaul installer. It is no longer supported.