The project has been shown many times, on various events in France : Infoticaires 2006, Alchimie 2006, Vieumikro 2006 and Atari Connexion 2007.
Just google about these events, and you will see photos (maybe videos) of the whole thing running, in front of many people.
Here is for instance a link to the last demonstration of it, made by Jeff :
I understand that it can be frustrating, but such a project takes some time... not to mention the various attempts of stealing that have been encountered, and that make us (especially Jeff, of course) wonder about IP protection.
See Jeff's site for updates : http://hxc2001.free.fr/floppy_drive_emulator/index.html
It also contains all the necessary stuff to build one yourself, if you want to.