It is designed around the idea of a map and repository of tested/packaged Common Lisp source archives. It is also designed to be reliable, cross-platform (Windows, Linux and OSX at least), cross-implementation and not to depend on any external tools.
Currently, Lispy is in a fairly stable state, although development continues.
As of as of July 14, 2007, it includes 62 ready to install libraries and can download, install/uninstall and upgrade packages automatically.
As of as of April 1, 2008, it includes 108 ready to install libraries.
An LTK or CLG GUI interface is being contemplated.
Homepage: http://common-lisp.net/project/lispy/
There is an RSS feed for Lispy news.
The source has been migrated to Github: http://github.com/lispnik/lispy.