What is qemu-linaro's current progress ?

Can somebody please explain how development happens regarding qemu-linaro ?

I've taken a look here [0] and If I'm not mistaken, there's no code in the repo. I can see a lot of blueprints, but I don't understand how work is being done regarding those blueprints or when will it be done! Oh, and what exactly is the 'qemu-linaro' tarball in the repo ?

I'm not sure how newbie this question is, but please bear with me. :D

Thanks in advance.

[0] https://launchpad.net/qemu-linaro