As far as I know, no official announcement has been made, but I'm going to break the news anyway, since I just discovered it: Fantastic Metropolis has molted and is arising with an easy-to-navigate new design (one that's rather bloglike, actually) and new content appearing as fast as Luis Rodrigues, the indefatigable editor-in-chief and webdesigner, can get it posted.
The new content is phenomenal, with lots of things by and about Rikki Ducornet: two works of fiction ("The Neurosis of Containment" and "Wormwood"), a gallery of her art, two essays ("Silling" and "The Deep Zoo"), and an academic essay by M.E. Warlick about images of alchemy in Ducornet's novels and art.
There is also a reprint of Jeffrey Ford's appreciation of Akutagawa Ryunosuke's story "The Hell Shade", which is part of Jeff's "virtual anthology", an ongoing project.
There are many fine things in the archives, too. For instance, Alan DeNiro's marvelously provocative essay "The Dream of a Unified Field" (which you can, and should, discuss at FM's Night Shade board, because the discussion there started very well and didn't finish).
Keep checking in on Fantastic Metropolis -- soon, I expect, the 2004 Read & Appreciated lists will begin to appear. (If you have an RSS reader, there are lots of options for syndication, an easy way to know when new work is posted.)