Patch 3.2 is out now. I played for few hours tonight and this is by far the best state the game has been in since before 3.0. Framerate is still shitty, but it was stable in the 20 - 30 range instead of constantly hitching. I did some mining, missions, and cargo running and didn't have a single client or server crash. The quantum travel updates save a ton of time visiting points of interest.
With this one coming out on time and being pretty solid, I feel optimistic that they might hit their target for the big 3.3 patch in September.