Yep, what you heard is correct...it's kind of old news, but at the same time we are all still waiting.
Here's a link for their press release:
In addition, Douglas Marine(Skater) Has a applied for a super-V Homoligation slot. They call it "Skater V 399 Race." Many believe that this will be the Joint venture boat. Baja is still undecided about what the outcome will be(whether they actually adopt a stepped-hull or not).
I also spoke with someone at The Miami show who conceded that this is indeed taking place and we should see something on the racecourse late this season or next season. I pried and probed, but with a cunning grin on his face, denied to comment any further.