Figured I'd throw it out there that Chapter 1 is complete. It's about 30 minutes long.
Chapter 2 is almost done. I just have to connect some of the cutscenes, finish a couple toward the end of the chapter, and polish everything while checking for neglected NPCs and paths. This chapter is about one hour long.
I think we should extend the time limit per chapter to one month. I've already been working on this for 7 weeks (5 if you count the two-week hiatus I took due to illness and strange work hours).
Just to clarify, I decided to split my "chapter" into two, since there are two items to collect. The first chapter is basically a short intro area, as well as some exploration on the Hub. The second chapter is much larger.