Partially true, but the content is not finished. Nox has plans to add more quest characters and better late game / end game content before he really puts a wrap on it. Which would include the land lady who you pay your debt to. There will be more electrical crafting items, such as solar panels. The generator will actually require fuel to run. Pretty sure he is even planning more monster types and variations, similar to how we have three types of golem.
I had a recent suggestion, which he actually really liked, this would be a buildable player home that can be upgraded. It would be a decoration you can place inside the garden, and it will be entered as a separate cell. You can build inside, which means you can declutter your garden of chests and furnaces, etc. This would open up the doors to a bunch of content just surrounding the player home.
TLDR, the game has at least another year of updates planned. He is moving forward to end development and move on, but as of right now it's still unfinished.