Most of us would love to have the mod done earlier :P, but, this project's extremely ambitious, so 2017 sounds very reasonable.
I like the story, especially since it's analogous to my idea for NOR. The past 2 KotORs, the player was pretty much forced to become a Jedi. But I feel players needed a lot more latitude in terms of choosing how they wanted to make their character - lightsabers aren't everything Mr. Lucas. Your storyline is perfect for this concept IMO.
Are both these mods for KotOR II?