Well, if you follow the subject at all, you know that it has not received official approval from the Church. This, however, does not mean that the apparitions have been disapproved either.
The purpose of this website is to keep you up to date on the latest developments. It is quite likely, in our opinion, that the apparitions will not be approved any time soon.....but equally likely that Medjugorje itself will be given Shrine status.
And a local Croatian newspaper has recently indicated that such a decision might be coming soon. According to these sources, the overall supervision of Medjugorje would be managed by an administrator of the Pope, while the pastoral activities would remain the hands of the Franciscans.