Transportation NYC-AC Questions: Train and Boat

[Poshua]

1) Does anyone have an update on the ACES express train service from NYC to AC? When it was announced, they said it would start in "late 2007." I haven't seen any subsequent announcements, though. Is it starting soon?

2) Has there ever been an attempt to provide passenger ferry service from New York to Atlantic City? While it sounds like a sort of silly idea since it would run along the shore rather than bridging a body of water, I feel like it could have a lot of popular appeal. It's 81 nautical miles, and the New York Water Taxi vessels (for example) can go up to 26 knots, so the service could be provided in just over three hours.

I feel like you could aim it at a higher price point and more upscale demographic than the bus, and still come in cheaper than the train, which is supposed to be priced comparably to Acela. When it's not rush hour, the NYC ferry operators have lots of ships not in use. Also, traveling by boat is novel and fun, especially in the summer. Would there be something cost-prohibitive about this?