This came out of a call for more free, high quality fonts (and a rather argumentative discussion) on typophile.com; its to be based on a Baskerville revival font donated by James Puckett.
There's not much to see there yet, just a call for interested parties to contact the project lead (Simon Pascal Klein) - if you're a font designer, pitch in. You can see James' original font files if you dig back through the discussion thread.
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