Has any progress been made on this? I don't have a big IRA, but I am getting worried that the G0vt is going to start seizing people's IRAs and I would rather control my IRA then the G0vt. Would love to hear where we are at with this.
No; apparently not one custodian will touch this yet except for accredited investors working through SecondMarket. Continue to watch for ETFs.
My thought is traditional IRAs are at greater risk than Roth IRAs of being seized. One approach is to convert to Roth IRAs now; pay the taxes but avoid the penalties. This is especially good to do now in advance if the income tax rate is going to go up high enough. If you are worried enough then withdraw paying taxes and penalties. I'm not that worried yet.
Diversify; remain alert; act quickly when the time comes.