Yes, he does still have it and is hoping it will be ready for Oshkosh '05....a tall order I am told!
He has also recently added two more projects to his list, another P-40 (Very early model) and a combat vet P-51! I'll leave you all to sleuth out which airframes these are!
John
PS: The Red Tail is made huge progress. At this point my target date of June '06 is really looking like a reality if funding comes in....if not