These "updates" tell us pretty much nothing regarding the actual development progress. I don't think the game will be canceled but there might be more and more delays ahead.
I doubt it. I'd be extremely surprised if this goes past Q2 2023 and I see Q3 2023 as the upper limit.
If anything what worries me is not if "the game will be finished/released", but in what state. While
Infinitron is not wrong about the fact that the game has been updated with reasonable regularity so far, one could argue that the rate of improvements between patches has been exceedingly slow.
Frankly when they launched EA almost two years ago I was pretty much expecting to get the core classes in the first 6-8 months and spend the rest of Early Access experiencing changes and tweaks on fancier stuff.
What we got so far, on the other hand, are HALF of the missing base classes at launch, no additional race whatsoever, no increase in the level cap (which would be more forgivable if the EA didn't double in length compared to the initial projection).
What's more? Ah, right, their begrudging commitment to revert some of the horrendous homebrew they had the unfortunate idea to introduce to begin with.
That's pretty much it, really.
Still a lot of feedback about crucial issues in the game (UI, controls, inventory management) poorly addressed, when not even completely unaddressed.
Honestly I'm also getting the vibe that a lot of things they promised at the start of EA (like a better dialogue UI that would take in consideration the entire party rather than the character who started it) are going to be silently canned because they are struggling to get shit done.