Well, the dates don't make sense to me.
They were supposed to release the first demo in October of last year, which was delayed that same October, with deadlines to release the game before the end of the year or the beginning of this year. Eight months later, it turns out there's nothing published because they lost their lead programmer. When he left, did he take the code with him? Because I can't understand how, after eight months, they were unable to finish a code that was supposedly almost finished.
The only explanation I see for all this is that they lied. The game was never close to being finished, and they're still (or aren't) working on it.
Personally, I think it's been abandoned for a while.
They were supposed to release the first demo in October of last year, which was delayed that same October, with deadlines to release the game before the end of the year or the beginning of this year. Eight months later, it turns out there's nothing published because they lost their lead programmer. When he left, did he take the code with him? Because I can't understand how, after eight months, they were unable to finish a code that was supposedly almost finished.
The only explanation I see for all this is that they lied. The game was never close to being finished, and they're still (or aren't) working on it.
Personally, I think it's been abandoned for a while.