As of the third quarter of 2011, the WB-8 device has generated over 500 high power plasma shots. EMC2 is conducting tests on Wiffle-Ball plasma scaling law on plasma heating and confinement.
(H/T Talk Polywell)

They are over halfway through this funded (about $8 million) project. This part is just one step towards commercial fusion and if successful could justify a $200 million follow up to develop a full commercial scale system.
If you liked this article, please give it a quick review on ycombinator or StumbleUpon. Thanks