"Original 1st flight pencilled in for August 27th."
Three months delay, add one third (Augustine's Law).
First flight around Xmas, probably still with splitpins holding the landing gear in place.
777 needed 11 months flight test to certification.
Boeing said 9 months for the 787, now says 6 months, whistling in the wind.
Applying Augustine's Law again, I would expect a CofA in Oct 2008 and first delivery just before the end of the year.
Anybody taking any bets?