Intrepid finally decided to give up the goods and drop the letter which you can read here: https://ashesofcreation.com/news/2019-07-16-creative-directors-letter
I say finally because it was slated to be given in June, then early July, and then finally mid-july. But, delays are expected so I'm not going to get too hung up on it. HOWEVER, in the prior letter Intrepid committed to not giving dates they weren't confident in, and obviously they failed on that front.
Additional issues with the prior letter include providing less than half of the weekly MMO updates(but lots of cosmetic spam masquerading as MMO 'content'), missing some of the stated dates for the monthly streams given in the letter, and not providing nearly enough content on nodes in that month. It took 3 months to get a decent amount. This is only a big deal because it pushed housing and any other info off the table, so we haven't seen any of that yet. Also, Xsolla is still their payment processor, a commitment to move from them was given, and I'm sorry but it's been over 3 months. They must not be trying very hard. Xsolla is VERY disliked among the community(and most people who know of them)
The prior letter's issues are relevant because they sets the stage for how much credibility this new letter can be taken with. In short, dubious at best.
Reviewing the actual letter, I can confirm CS ticket response times are way down from the abysmal wait times back in December and January of SEVERAL MONTHS. Now they seem a paltry few days. So, that's a positive.
But then we get to the next heading "ASHES OF CREATION APOCALYPSE - THE TESTING GROUND," which isn't really a fair characterization of a monetized BR game(and possible future modes) which are intended to be a standalone. The claim of it being primarily for testing despite the battle pass and Fortnite style monetization scheme strains credulity, and that's putting it charitably.
Moving on, a large section of the letter is taken up by a fluff poll for kickstarter backers, which had no place in such a letter addressed to the entire community. It's simply not relevant to the vast majority of readers and has little impact on the state of the game.
The Mayoral Caravan system vid was good, and gave us our first glimpse of a system working organically(except we didn't see the caravan actually spawn in). This is a pretty important system for the game as a whole, and I'm glad it seems to be somewhat working.
However, this system was due in March along with 4 of the races, freeholds, limited crafting and a whole other bevy of features for the original start time of alpha 1, now delayed for the foreseeable future.
TLDR: Ashes of Creation MIGHT still pan out, but there are many reasons to consider it may be slipping into vaporware as timelines are stretched and stretched. Can you believe up till March, Intrepid's official stance was "release before 2020?" Yeah, we may not be in alpha by then