This is the main issue, isnt it. The constant posts to say the next big update is just days away. Most other devs would never dream of making such an announcement unless it really was true, because they understand the reputational damage that would come if they didn't follow through.
The fact that there has still been nothing, and the big 2k update which was nearly finished 6 months ago still hasn't been posted, and whatever hes worked on up to now still hasn't been posted, the only logical answer is that... there isn't anything? Or yknow, not nearly anything as much as has been claimed - maybe he has a few hundred renders and some ideas scribbled down in a notepad... He has been making stuff up to generate hype and keep the patreons paying. Its the only logical answer. I'm sure his intentions are true, he intends to do the things he says but just hasn't and can't bring himself to admit it.
I wonder why he makes the claim that the update is ready to go, even when it isn't? Is it really just a spiral of perfectionism? A spiral of editing and re-editing and never being happy with the product? But if so, why claim its basically ready if hes still planning to rework it?
Its got to be about the money, I'm sorry but it just has to be. No one is this naive.