I was just doing a short roundup of web site browsing and saw that Rossif Sutherland has updated his MySpace page. In short, the album is coming along and should be out soon. He's financing and selling the CD himself, no record company.
He also writes that the songs he did with Jeff Lynne were done two years ago, so we can only assume These Words is a final mix, which I think is a good thing. He writes that all three of his produced by Jeff Lynne songs will be on the album, thankfully.