Yup, it's already well underway for the May release. In addition to the kind of material it had before regarding updates and such, there will be additional material of more general interest (e.g., techniques and reviews). I'm pretty happy with the way it's coming along, and I hope everyone else will feel the same way when it's unveiled.
Also my understanding is that it will no longer be hidden in the deepest recesses of the CW web site, but that people will actually be able to find it!