On the plus side, it is an update. I was actually convinced that their writer went AWOL permanently and left this project dead as a doornail.
On the downside, there remain too many questions: is the writer situation resolved, or will development remain as choppy as it has been these last 2 months? Has the project been cut down in scope/quality to adjust for the writers limitations? Will there be a break in style because there is a new writer at the wheel?
And finally, though I personally hate to complain about this: The update is, considering the wait, anemic. It would have been anemic even had it been released on schedule, that is. I do hope this was a situational limitation (as in, we have to put this out now, we get back to quality next time) instead of the new project sucking up the oxygen of the devs actual cash cow. That would be... unwise.
Overall, this makes me cautiously hopeful, and I hope t4bbo got his team back on track. If he gets back into the regular swing I might even support him again. Right now I am still a little too skeptical to do so.