I saw this the other day online and was surprised nobody had posted it already (unless they did and I didn’t do a thorough enough search…)
To quote them:
Our goal is simple, but complex.
Our intended goal is to do a revamped storyline of Angel Beats! from an alternative perspective of one of the other characters. While this is a vague idea, it does have some possibilities. You could include the pre-story before Otonashi gets there and give the back story about how Yuri became leader of the SSS. Also you can give a little insight as to what happened to Kanada ( Angel ) and how Yuri & Kanada became at odds. While this is still a evolving idea, I look forward to seeing other’s input on it. I believe having a solid objective will play a key role in making this a solid presentation.
This is pretty lengthy for a description so I’ll leave it at that. For more information please see the official website for this project above which will be updated whenever further information is handed out. I will attempt to keep you in the loop as much as possible!
http://angel-beats.us/
Personally I think it’s never gonna go anywhere, because they’d NEED the blessing of Key/visualarts to make it, and I highly doubt KEY and Maeda can be bothered to help us gaijin when they’re trying to finish up the Angel Beats VN…