A friend on IRC just copy+pasted the answer he got from Elbox when asking updates about the Dragon. Vapor or bollocks as usual time will tell.
Here it is:
Q - What happened to the Dragon? Why are you so silent about it? Any news?
A - There were some problems with the previous MCF5475 Coldfire versions as they did not work as they should. We finally received first MCF5475 processors in ver.1.3 whose production just started few weeks ago. It seems that now the problems are sorted out and finally everything works correctly. It means that Dragon cards should be available in sale before Christmas.