Until someone comes up with new photos, I'll try to draw a mental picture for you.
Take a look at the resort map in this post:
http://www.disboards.com/showthread.php?s=&threadid=574838
You enter the grounds at #21. Looking at the map, it's easy to see why the current construction really hits you in the face as soon as you arrive. The property immediately on your left is all being developed, and the completed guest buildings are about the farthest point from where you enter.
Anyway, as of a month ago, all of the buildings in The Paddock (five buildings numbered 15) were not much more than steel framework. Large cranes and bulldozers were on-site working to erect those buildings. As you drive along Broadway into the resort, I believe there was a temporary wall the entire length of the road for safety purposes. But obviously a 10-12' wall cannot block out the cranes and girders.
As you get further into the resort, the buildings in The Springs (#14) appear to be the ones scheduled for early 2005 opening. Much of the exterior construction on these three units was already complete. I believe one of them was being painted while we were at the resort.
If I were to guess, I'd say that in 5 months, the buildings in The Springs will show little sign of construction. There will probably still be a wall up for safety purposes, but the exterior will largely be complete.
The last of the buildings in The Paddock will be almost a year away from opening, so they will still be in an unfinished state. Hard to predict exactly how that portion of the resort might look later this year.
Hope that helps a bit.