I would like to nominate the following projects.
Xfixium's OOT2D:
First of all I think he got a disadvantage last month for being nominated but not added to the poll. But in the beginning of this month he released some new screens, showing a wicked menu screen. Which surprised me, because I didn't know that they had chosen Q and E for respective L and R. It is also a refreshing game, the only one that is currently using FSA graphics at the moment and using both top-down and side view. Overall it is still one of the best games out there.
Drandula's The legend of Zelda 3D Flying Rooster:
The only 3D game that is actually showing any progress. In the beginning of the month, Drandula revived the project by showing some bad ass screens of the hookshot he implemented. Somewhat later he gave some more candy in the form of a video, which resulted in a lot of replies. Finally he has also started a story for the game, which has a lot of potential and shows much promise into making it an enjoyable game.