This conversation comes up time after time - the answer is always the same: No, it's not dead, it will come when it's ready.
(Note that I have no connection with the dev team but I'm sure this is pretty much their answer)
I will say though that obviously a lot of people here will agree with you. It's not that any of us have any particular hate towards the devs or think that they're doing anything wrong - any work they do for us to enjoy for free is obviously awesome charity. I still must admit that it definitely has been a long time waiting and looks like it will be a lot more coming.
I'm here hoping that at least the project will eventually be done "on time" - meaning "not too late". I don't want the project to die off because it was forgotten about before it even got done.