I'm a lot more skeptical. It has been 2 years since 0.3 was released. Only an actual release at this point will make think this project is not dead.
There has been a few "picture updates" and multiple threads promising a release "in the next month."
I am nnot some doomsayer that claims projects are dead after 3 months; I realize that devs need time to put in the necessary work. But two years without a release is nothing short pf abandonment.