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We own in Phase I and stayed in our Villa the last week of April. Construction is very active for Phase II. I have a photo we took from Pacifica which would give you an idea of where they are at with Phase II construction, but don't know how to upload it here. If you post your e-mail address, I will send you a copy. From what we heard in late April, the Phase II "model" was close to being completed. None of the Phase II villas were anywhere ready for occupancy in late April, but they are still selling them with a 2010 first occupancy. Lots of other construction in Cabo is at a standstill (i.e. on the corridor) - lots of graded areas with absolutely no activity, but very active construction in Phase II.