I still say that Spooky Action at a Distance is horseshit.
From what I read, I think it's pretty well been demonstrated. Now whether or not it will ever prove useful is another question.
One thing that I seem to gather is that even though you have a pair of particles entangled, they themselves aren't doing anything special. It's the field in which they are entangled that does something spooky. It almost seems the field manages to inhabit two points of space at the same time. It doesn't seem to really communicate at a distance. It does the only thing it can (collapse) once, then disappears. You just see the collapse at both of the points of space it inhabits.