Here is the website with all of the information including EAs (which have design plates if you're interested in rough alignments and station designs):
https://407transitway.com/
As for what's happening with the project, allegedly Metrolinx is working on it in the background, and whilst the original EA lapsed, the ford government has apparently passed a bill that lets Metrolinx use older EAs for longer.
Beyond that, the only thing really new would be the 2051 regional transportation plan which showcased both an orbital rail line, and an "Ontario Loop" that extended the Ontario Line to (presumably) run along the 407. This suggests that Metrolinx is looking at possibly building it as a rail line off the get go rather than as a busway.