I've been wondering the same thing. Seen loads of holidays at the right time and place, but reluctant to book until the single chair is repaired/replaced.
Thats not good news. I should imagine it takes a while to widen the route cutting down all the trees. A mate of mine told me each plyon supporting the lift cables are dropped in via helicopter.
Cant see it being ready for 2004/5 which is a real shame as if its not, I'm not going back.