@WAR have posted a Q&A with Bohemia Interactive's Marek Spanel about Operation Flashpoint 2:
@WAR: Where is the team currently at with regards to their progress with the development of the game?
Marek: We're still at early development stage. We have been working hard on Xbox Flashpoint so we haven't been able to focus all our resources on Flashpoint 2. We know exactly what we want to achieve and we have made quite good progress in some areas. But I would estimate about 15% of overall work has been done so far so there's much more hard work ahead.