Q: The male & female will be one character morphing from one gender to another?

No. That would lead to crappy joints.

Q: Those figures will be copyright free too? Like Project Human (and MayaDoll I think... )

Nope. The figures will not be open source, but provisions for reuse of specific portions of the mesh will be made.

For instance, I currently intend to release the hands themselves, or most of the hands anyway, for specific reuse allowable in making conforming gloves, as a matched mesh is the best way to make gloves work right.

I'm the asshole. You wanna be a shit? You gotta go through ME.