The first two links are more in-depth than the last, which is video of the actual flight test.
The first suborbital flight should be at the end of this year. I would guess that by 2016 we'll have regular commercialized suborbital flights. They're not as big in the media as SpaceX because they're not going beyond Earth's orbit and the CEO (Richard Branson) doesn't regularly talk of Mars and Solar System colonization. This is quite an accomplishment nonetheless.
Edited by skiier4384, 29 April 2013 - 09:55 PM.