PS3-'Home'

has anyone information on 'home', spot seems pritty nifty with information so maybe he can check this out, but i bought ps3 with the idea that 'home' was due to be released in summer 2007. it'l be 2009 before it gets released and i was wondering has anyone else thought about it. we may be able to create a league via that since its meant to be like myspace but 3D, early previews looked awesome but it seemed to disappear.