I've been part-time on Cobra this whole time... until now. Starting this week, I am full-time on Cobra. This means more releases, more docs and more thorough testing.
There is still a lot of work to do on the language, but as it gets closer to maturity, I'll branch out into a mailing list, a wiki and all that good stuff.
Implementing the compiler in Cobra (by using "snapshots" of the compiler at stable points) continues to pay huge dividends. One type of dividend is benefiting from Cobra's features (contracts, unit tests, the upcoming exception report, etc.). Another is finding bugs quickly because the whole time I'm implementing Cobra, I'm hammering Cobra.
The next release will be out by month's end.