The last I heard the steel was being ordered and they would start cutting this spring and that would result in something resembling a ship late this year.
This is from my poor memory.
Completed first cruise 5/6/06 Voyager of the Seas - Eastern Caribbean
2nd cruise Majesty OTS - 5/11/07
3rd cruise Freedom of the Seas 4/27/08 Western Caribbean - Hump Balcony!!!
Next Navigator of the Seas 4/6/09 First time to Belize