This is a tough one to write as I put 1k into Pantheon:RotF shortly after the first PA test ended. I have been following the game with bated breath and have absorbed every bit of info I could on the game. I have been anticipating in playing in the Alpha and have been watching the last year and a half tick by with nothing. Now work continues on Project: Faerthale almost a year after the last PA started. According to newsletter PA3 started in November/December of 2018.
Now I don't consider Pantheon:RotF vaporware. We get a steady stream of updates and its obvious they are working on a game at this moment. We also know a few dozen devs are working on. Though technically vaporware is described as, software or hardware that has been advertised but is not yet available to buy, either because it is only a concept or because it is still being written or designed. So I guess lots of games are vaporware including Death Stranding, Cyberpunk 2077, and any game in development right now.
With a heavy heart I have to ask this question is Pantheon in trouble? There store is still open and Pantheon is the one of the only crowd funded MMO's that doesn't talk about how much money they raised. Nowhere. Not in one of there monthly blogs, on the website like Crowfall, Camelot: Uncleaned, Star Citizen, or Dual Citizen does. I would have to believe if they were getting quite a bit of money they would want to advertise that.
Then on Wednesday they opened a store with ridiculous prices where the funds will also go to funding the game. I was led to believe that the game was already funded till launch. Though looking into this more I may have been a fool for thinking this. Confusing it with another upcoming MMO as I couldn't find that Reddit comment nor could I find a statement to that at all. All I could find was this:http://visionaryrealms.com/visionary-realms-closes-series-a-funding-for-highly-anticipated-videogame-pantheon-rise-of-the-fallen/
I hate to say this but I think Visionary Realms is burning through money. As much as people would like to blame this on Brad it wouldn't be him this time. He learned his mistake on Vanguard and hired someone else to keep track of the books and money. If they aren't bringing enough money in though not much that guy can do.
This game is already taking longer then it was supposed to. PA was supposed to last a year, with Alpha for a year, and beta for 6-8 months. If they had kept to that timeline then we would be almost to the end of the Alpha phase. In January or so of 2020 we would be getting into beta.
So I have to ask again... Is Pantheon in trouble? The honest answer is we will never know until someone official comes and tells us everything is ok. For now though I am going to say that it is.