flamingo1986 has released a promotional poster stating that he is making a FULL LENGTH fan-made episode of mlp fim which will be completed by 'fall 2012'
"That’s right.
An entire episode.
Going by the title “Double Rainboom”, the episode will be released this upcoming Fall in six parts – each one uploaded a week apart from the other. Through the combined efforts of bronies across the internet and other students from the Savannah College of Art & Design.The episode will feature a full orchestral score, studio-quality sound effects, voice actresses for the ponies, and 100% show-accurate animation."
2 minute episode preview:
Promotional poster:
http://fc07.deviantart.net/fs70/i/2012/090/8/a/double_rainboom_promotional_poster_by_flamingo1986-d4ujkjk.png