The Eclipse Project Draft 3.0 Plan has been updated and now shows milestones up through M9 with final 3.0 release in June 2004. Unfortunately, it doesn’t look like anything else has been updated to show what is in the Nov 21 M5 release. I really want the J2SE 1.5 features, but those are still under “proposed items”. There is some code that may make it into M5 that provides some of the backend stuff (AST) support for generics. But, as the bug linked says, there’s a bunch of other work yet to be done.
I don’t think giving up generics is worth switching from Eclipse to javac.