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As for the game engine I plan basing it off of "Super Mario RPG: Legend of the Seven Stars" one of my favorite games of all time.
Of course the game will include other elements from the gaming world. From things such as platform levels, mini games, and even to the point of first person shooter levels. Making "House Life RPG" one of a kind.
As for a release date I can't say. Working on a game like this by yourself is a daunting task. But I've been able to find help from some very intuitive On-line tutorials. I mean Actionscript isn't the easiest thing to use. I found this one in particular to be of a lot of use. http://www.kirupa.com/developer/actionscript/rpgprogramming.htm for thoughs of you that might be interested.