Citing a brutal workload, Marty Halpern has resigned as an acquiring editor for the series. Emails to others don't get answered. So I can't really say what's happening over there; but I do know that as far as my novel goes the answer seems to be nothing, and I no longer expect the situation to improve, at least not for me.
Once this is posted I'll delete the cover of the FB Pennterra from my roster of LJ userpics, and this will be my final update on the subject of Fantastic Books. (Actually more of a downdate, if you see what I mean.)
I'm not sorry I gave this a shot, or that a corrected and updated e-version of the novel exists now as a result. But, all in all, the experience has been really disheartening.