I've noticed that Google has been VERY busy updating their core algorithm lately. They also slyly slipped in that Panda is baked into the core algo. Again this week they seem to be busy with updates as well. All this construction on their core makes me realize one thing. All this work on their core probably MUST be completed in order to launch Penguin Live. This makes sense. If we think about the amount of updates might equate to what is a "new version" of their core so to speak. And if they have been building Penguin Live along side this new Core Algo that probably would mean that they built Penguin Live to work ON the new version. Means Penguin Live might not be compatible with the old core algo as it were. So I feel that it is very much possible that Penguin Live could ACTUALLY be finished and ready to go, but Google still needs to fully launch its updated Core Algo into the wild in order to update it with the new Penguin Live. Whats more I would not be shocked one bit of Penguin Live were a node of the algorithm similar to how Panda is now 'baked in' to it. This type of scenario would explain why Google has been acting like Penguin Live was almost ready for so long, but hasn't been able to launch it yet. Google clearly looks like they are still working hard to get their core fully updated, and if Penguin Live requires a new version of the core then we shouldn't expect Penguin Live to launch until the Core Algo has been fully launched and maybe even given a little time in the wild to prove its stable.