The usual viewpoint has this big pile of roots in front of it at the moment.
This is from the same general direction, though, so you can see that the hillside is now cleared away. The whole area from the current "driveway" to the tree fence will be level when this is done (except holes where the house foundations will be). The elevation will be in between the top of the wall and the current driveway elevation, so some parts will be lowered and others raised up.
Here's another view looking straight up the hill. You can see the tree save fence at the top, about where the top of the retaining wall will be.
The intrepid backhoe, responsible for much of this hard work.