ReactOS 0.3.16 is today's new release and it begins rewriting its Shell32, completes the rewrite of the CSRSS process, and lays the ground work for other features and enhancements to come. ReactOS 0.3.16 also is working on theme support for the desktop and now has a RTL8139 network driver for supporting the virtual NIC on modern versions of QEMU.
More details on the ReactOS 0.3.16 release can be found at ReactOS.org.
The project is also still in the midst of its Kickstarter campaign to crowdfund an open-source Windows cloud OS named the Thorium Core Cloud Desktop, but it looks like that campaign will end far short of its original goal. Right now the Kickstarter campaign is at $23k of its $120k goal with just 14 days to go.