I keep track of this thing out of curiosity and based on what I've seen on the latest PTUs. The game basic systems seem to be taking shape as people are actually messing with the systems themselves instead of the old scripted "gameplay" teasers CIG used to make, the big problem is that I'm extremely skeptical of how are they going to add content to fill this immense space and double skeptical with the pace of the release of those updates they are promising, the latest PTU was an example of this, one planet and four moons, technically, you can travel to them, land on them, open the cargo bay of your ship, drive land vehicles on them and even shoot on them, there are a few basic missions on there too, everything on a really unpolished way but functional HOWEVER, the fours moons are mostly empty as the planet too.
As I said, the basic systems seem to be reaching the functional state but making a simple calculus make you highly suspicious of CIG's promises, they take months to release a patch to add a single planet (That is mostly empty by the way), now count how long it will take to fill an space MMO at this rate and you see this is insane. The content alone is a massive challenge and this is made even worse because while the basic features are at least "working", they are still on the level of an indie early access game in terms of animations, ui, ai, game mechanics, sure it is pretty but it makes Fallout 76 look like a polished game as it is right now.
So, they need to make content, they need to polish the buggy mess they have AND they are still selling new ships that means even more content and bugs to fix, does this bring any confidence?
I pity anyone that wasted thousands of dollars on this because I think CIG is indeed prepping this game for a release but the question is what kind of release it will be. I see on the near future they finally using their random content generator to make alot of copy pasted planets with some hand made content here and there and a TON of copy pasted fetch quests , I see people getting a really expensive buggy and unpolished Elite Dangerous/No Man Sky.
Roberts will then claim CIG will eventually patch the game into something good and a TON of people will buy it (There are people that are even investing into be professional youtubers on this thing, if that isn't the definition of insanity, I dunno what it is.) and keep supporting his ass while he patches Star Citizen to a playable state by 2037. Worthy all this effort? I doubt it.