Dr Bussard now advocates a different design. For the last 11 years he has been working under US Navy contracts, building small test devices.
WB6 in 2005.At the end of 2005, the Navy did not renew his contract. Since then Dr Bussard has given many lectures including the (famous in fusion circles) google tech talk of 2006. Video here:
DR Bussard was awarded the International Academy of Science Outstanding technology of the Year, award for 2006.
Why is this important? World oil production peaked in May of 2005. Dr Bussard says for 200 million he can build a proof of concept reactor by about 2011. The ITER reactor in Europe will be finished by 2013, and the concept may be ready for power generation by 2025. The ITER is slated to cost 13.3 billion. More importantly $3 million keeps Dr. Bussard working.
When the father of modern fusion tells you the Tokamak wont work, he bears listening to. Funny thing about fusion, it occurs naturally in a sphere (the SUN), just like Dr Bussards design. The ITER reactor will try to create fusion in a donut or torus, which doesn't happen in nature.
Heres an overview of Bussards recent work with some really cool pictures.
Dr. Bussard will be utilizing a non profit organization to continue his research. Please pass this link around.