Just an update: I emailed Booth at Armordillo Concealment a few days ago just looking to see if any progress has been made with the pre orders. He confirmed that they had received enough preorders and would be purchasing the pistol and starting production on the orders in the next week or two.
So to anyone else here who put in a preorder, rejoice. We no longer have to make do with a dremeled up serpa (gross), and we don't have to put up with the high prices and poor quality of a custom ordered bladetech. Can't wait to get my hands on it.