I mean, the frustration is understandable since we've been "maybed" "hopefullyed" and "sooned" for almost half a year at this point. Haven't had anything substantive since the summer.
I know the update is hopefully this month, but given the track record of the past couple months it makes sense if people feel like they're being strung along.
I believe the game is not dead/abandoned, and my hope is that something large is in the works that the team at CC wants to be perfect (which is why they've kept largely silent). But they have to know that the playerbase is getting disheartened at the lack of specificity. At this point, it would be nice to know specifically what Cold Wars is about, the beta structure, etc. etc. so we can at least theorycraft next steps in our development. Many of us are twiddling our thumbs right now.