The Fallout: Nuevo Mexico team released an update on their progress.
The article contains an 18 minute video that highlights some of what the team has been recently working on. If you have the time to watch, you definitely should.
The mod runs on the Fallout: New Vegas engine, so if you're like me and don't have that version of the game, you'll be unable to play it unless you buy yourself a copy.
https://www.pcgamer.com/fallout-nuevo-mexico-is-looking-dangerously-close-to-the-spirit-of-og-fallout-but-in-3d/