This is vaporware until they release something. Fuck Star Citizen. They have made more money than any other game in the history of gaming, and still haven't launched.
They definitely fucked up their communication for sure. As a point of comparison though Starfield took 8 years to make so the time isn't that outrageous given what they're doing.
Agree though that the proof will only come once we have all this in our hands.
Nice to see them polish a couple of the sections up a bit. There was some jank in the original video.
Now the real test will be in how soon we are going to see everything actually in the game. Most of what they showed is already there in some form but not everything. By the end of Q1/2 of next year I feel like we'll have a better sense of development pace now that the folks from Squadron are coming back.