Last we heard, they were going to head to Cyprus.
Since then, I have not seen any news about them actually sailing from Lebanon. In fact, I have not seen anything.
The leader of the "Free Palestine Movement" that was behind this ship as well as one other ship, Yasser Kashlak, had a website for the movement - but its domain has just expired. (Anyone want it?)
Kashlek's personal homepage domain likewise recently expired.
A high-profile Lebanese singer who was supposed to be on the ship doesn't mention anything about it on her website.
Was the entire episode a scam meant to grab headlines? There has been very little real reporting about this ship.