Update schedule estimates

Author: handrews

index.md

@@ -37,11 +37,13 @@ permalink: /
 
 ## Project Status
 
-### Update as of 5 November 2018
+### Update as of 16 December 2018
 
-We expect to publish a new round of drafts (Core, Validation, Hyper-Schema, Relative JSON Pointer) before the end of the year, and are actively working on the last few PRs.  While the drafts are currently expired, they are still under active development.  This project is staffed by volunteers, and life occasionally disregards IETF expiration schedules.
+We expect to publish a new round of drafts (Core, Validation, Hyper-Schema, Relative JSON Pointer) in early 2019, and are actively working on the last few PRs.  While the drafts are currently expired, they are still under active development.  This project is staffed by volunteers, and life occasionally disregards IETF expiration schedules.
 
-Once the major PRs have been written, there will be a four-week final review period before publication.  Therefore, the likely publication date will be in **December 2018**.  Although the holiday season may delay this until January depending on how much feedback arrives during final review.
+The last two major PRs (for modular vocabularies and a standardized output format) are under review and have gotten several rounds of feedback.  Once those are complete, there will be a four-week final review period during which we will take feedback on the overall flow and content before publication.  Therefore, the likely publication date will be in **January or Feburary 2018**.  We had hoped for December but the holiday season and other life events have prevented that.
+
+This draft has taken more time than expected because it tackles deep, long-term issues that have long been a challenge for JSON Schema.  This includes building in a formal extensibility mechanism so that we can more easily draw a line to finalize the contents of the Core and Validation specifications.
 
 Progress on the next set of Internet-Drafts can be tracked on GitHub. The [draft-08](https://github.com/json-schema-org/json-schema-spec/milestone/6) milestone will track the evolving scope of the draft (although see [issue #612](https://github.com/json-schema-org/json-schema-spec/issues/612) for a discussion of whether "draft-08" is the right name for this milestone).