Yes it is. What I wrote is factually correct.
The abandoned tag was already there before Dvemail announced their problems.
It's the same with other games which have some kind of hiatus for whatever reason. Even if the dev continues posting in the thread or even PM-ing staff members, the abandoned tag stays until there is an update posted on F95Zone.
Unfortunately that introduces a lot of unclarities, especially for people who don't bother to look up the project history, most of which is generally available in the very game thread those people reply to.
In this case, while *you* may feel a lack of progress, the fact is that the game is still being worked on, the dev is even active in the forum, so the game is technically not abandoned. Just slowly moving forward. Of course, I would like story/content updates as well, but it is what it is. If you want it to go faster, you may try shoving a large amount of money towards the dev, but otherwise complaining about it won't help too much....