Stovebold,
Sorry to hear about the delay in receiving your valve cover. I can understand your frustration. I tried to order a dual carb offy intake a few years ago from another vendor and suffered the same back order problem. It turned out that the foundry dosen't cast the obscure parts, such as the valve cover you are waiting for and the intake I was waiting for, until they have enough orders to cast a complete run. Check out this thread for the details of my problem:
http://www.stovebolt.com/bboard/cgi-bin//ultimatebb.cgi?ubb=get_topic&f=22&t=000854#000017 Nonetheless, it is definitely not cool that Phethean Racing has not responded to your concerns. At the very least they could send you some updates. I hope that your problem can be resolved like mine was.
Jon