Welcome to the bitcointalk forums! I'm a newbie myself, just freshly 'graduated' out of the newbie sandbox. Your interest on the FPGA front is most welcome; I believe that although GPUs are currently the best option for mining, FPGA's represent the future. And the future will be here before many of us realize it.
Oh I have the time requirement done just need to get to the post number. It took me 3+ hours to just find that I needed to post here before moving on. I think it would have been nice to have that in the welcome email.
True GPU are the current solution and if you want to do something right now do that. In the future I think there are a lot of designs that could win. While I don't think FPGAs will be at the for-front for a while I do think the work needs to take place. Also I can take the work done on this project and use it for other things and this is where I hope to have some of the bigest gains.