I doubt it will be finished by then. The new building has a segmented design so that they can slowly open units as the points are needed for sales.
At the current pace, they should be selling AKV at least thru 2010--perhaps much longer than that depending upon the sales impact of other resorts. I can't see them opening the whole resort by early-2009 if many of those units won't be sold to members for another 2 years.