I've been following this one for a while. Made by the guys and gals that did the original practical effects for The Thing remake, before the studio decided to go all CG.
Trailer is now up at
http://youtu.be/3L0dkv4kwP0.
It looks like there will be at least one female transformation, but no indication of on-screen process yet.
If you like it squicky then give 'em some love.
For those too busy to sit through the whole thing, at about 1:17 it looks like the blond female crewmember has been infected.