Mike Thompson writes in to let me know that there is discussion of a new, and rather interesting Hebrew typeface on which he is working at the Typophile board. Although I'm not seeing deep discussion, the comments so far are useful to anyone considering a similar project, and I like the core design. Take a look at www.typophile.com.
In the meantime you can read more about the font, itself, and download it from Mike's own website, mikethompsonpaintings.com/font.
