1 month and half I will finish Anaconda Installer, change the artwork, update kernel and some other packages, add some features (like media center features) and tablet pc support (maybe).
No, you won't be able to select which software, even if, you shouldn't need to do that when you have the mini and the full DVD release. One of the new features will be LVM and software RAID management using the Anaconda partitioner. But there's a lot more