What did you expect? These things take time and with the way the world is burning at the moment probably even more time than normal. They really shouldn't have mentioned anything earlier in the year as it obviously isn't ready for public consumption yet but I guess their hand was forced with the Ricoh stuff.
Any update other than talks have broken down should be greeted positively but obviously until we see the work started everyone is right to be sceptical.
The only glimmer of hope I have so far is the fact that Tim doesn't seem to be involved which can only be a positive thing