It seems people missed the part where they talk about 'Narrowing focus, transitioning your team from conept to production.'
Secondly, yes they have shown mostly concept art but we've also seen a bit of gamelplay and in-game footage in thesetwo videos. They are pretty far into production. In fact, one employee mentioned that he put 60 hours into ine build.
Thirdly, at the end of the video , they say they'll appear at E3. They'll probably have a big reveal there.
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