Been working on this for the past couple of days. Then I read the rules and realized this is where people gather to discuss their projects. I have been writing a few blog posts about my work at [shameless plug] wally2069.blogspot.com [/shameless plug]
Anyway, decided to work on an abstract turn based RPG with some simple mechanics. It has been coming along pretty well so far. Using Game Maker 7 to create the engine. Here is a current screenshot of my progress.