I apologize for skipping last week's status of trunk.
Trunk is still unstable. I consider "trunk is stable" to mean that most things are re-implemented and it's usable. We're not quite there yet. I'm seeing occasional crashers (most of them my fault so far), there are a bunch of features that haven't been re-implemented (site search, channel search, playing through a playlist, setting preferences, ...), and there's still ui nits that need ironing out.
We're moving along, though it seems as if the progress comes in waves during the week. I think part of this is that we're all using git over svn and batching commits. I know I am.
I was gone all last week at OSCON, but I'm back again to help out with the push to Miro 2.0.
You can follow along in your story book with the Trac timeline.