The US Navy and US government recovery act funded nuclear fusion based on work of Robert Bussard has issued a very brief report.
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.