"Embarq continues in its development, and I am pleased with its progress. Of course, while we move forward slowly, our competition is not standing still. As I reported to you with the Dispatch from Supercomm, and now reiterate, we are not aware of a semiconductor on the market today anywhere in the world that performs to the level of speed and distance that Embarq performs to in its prototype form. And, we know of no technical reason why the final form of Embarq will not equal the speeds and distances achieved in prototype form." http://www.newvisual.com/letters/pres_letter_6_18_03.cfm
"We have not had any negative reports or setbacks in the evaluation process. Embarq works, and customers are telling us that they are interested in buying it when it is complete.
During this period of time where our engineers are busily writing code, management has various ways of determining whether or not we are still "on track". We have a written, step-by-step project development plan that we reference on our regular conference calls and review meetings. Just last week we asked Dr. Walter Chen of our Advisory Board to visit us for a day of in-depth evaluation and advice. At the end of this session, he agreed that the technology is on track for completion.
To complete Embarq, New Visual must go through two more important stages - the release of the FPGA, and the release of the ASIC. We are working on the FPGA now, and will release it to several target customers when it is complete." http://www.newvisual.com/questions/data/q99.cfm
I don't think they intend to release a PR stating that tests have been completed, but they've stated that the next steop is the FPGA. The purpose of the testing using the computer modelling was to garner feedback in anticipation of a smooth transition to the FPGA.