We first wrote about Jeffrey Katzenberg’s new mobile TV project back in July, and while we dissed the very idea that 10-minute episodes were the right way to go, analysts at our sister service, Faultline, took a deeper look. Katzenberg’s pitch is to include traditional TV budgets, high profile actors, celebrities, directors and writers, working on primetime-worthy dramas, comedies, talk shows and news, edited into these short episodes. So how’s he doing? The former DreamWorks Animation CEO stepped down from the position last August after selling it off to Comcast-owned NBCUniversal for a cool $3.8m. Katzenberg is now quietly creating what he’s calling a new form of entertainment, though it sounds like just about every other big media’s attempt to…