Yeah, the Eclipse would be a great idea, if they didn't keep having significant problems cropping up. Part of the idea was that this revolutionary aircraft (and it is, at least conceptually) would spawn a new industry of "air taxis" that would be competitive with commercial airlines. You could fly them into any GA airport, and the airlines would be forced to redo their business models to keep up. Sound too good to be true? Maybe, especially the way things are going for Eclipse. Earlier this year (I think, may have been last year), they signed an agreement with a company called Nimbus Aviation that the latter would buy 1000 of these jets and create the first air taxi service. I don't know the details of the contract, but it meant that Eclipse had a guaranteed customer base, and the Nimbus was in on the ground floor of a seemingly lucrative business. In June, Eclipse terminated the contract on the grounds that Nimbus didn't/wouldn't have the capital to follow through. Well, there goes the air taxi idea, although Eclipse claimed to be looking into other agreements.
Then came the end of November when, as alluded to by Rvrrat, Eclipse terminated its agreement with Williams International, the jet engine manufacturer. The EJ22 was pretty pivotal to the plane, since it had a very high thrust-weight ratio, making it very efficient and affordable. The engine itself was doing fine in tests, the first Eclipse jet flew fine with two of them in July (the inaugural flight, by the way), but Eclipse claimed that Williams would be unable to manufacture enough engines to meet demand.
Eclipse says it's looking for another supplier, but until they find one (and presumably develop a new engine, since the EJ22 is proprietary to Williams Intl), the development process will probably be put on hold indefinitely. Don't get me wrong, I'd love to have one of these planes myself. Part of the draw is how affordable they're supposed to be for everything you get. Seriously, all-glass cockpit, rated for 1 PIC, IFR, FIKI certified, etc. etc. for under a million is a darn good deal. Yes, the price will invariably go up when and if they actually start producing these, but I'd wager to say that people will still buy them for $1.5 to $2 million. Granted, the purchasing demographic won't be as diverse as they're hoping for now, but they'd do alright.
I just hope that the idea doesn't completely die, because the idea really is a novel one, and until these two setbacks (the latter being much more significant, since a number of people besides Nimbus have agreed to buy one), things were progressing quite rapidly and smoothly for Eclipse.
My 2 cents,
Peter