The actual standalone game DayZ, not the ArmA II mod DayZ, was supposed to be out by now. It's not, of course, and won't be for a little while, but if you'd like an update on how it's going, creator Dean Hall has posted this ten-minute video.
A note: this is "raw, unedited...pre-alpha footage, so it makes no effort to mask the variety of bugs. Our whole focus is on getting the alpha out, which means focusing on Multiplayer (server) performance."
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So take it for what it is.