This isn't vaporware. Unfortunately, the development process has taken longer than anyone could have anticipated, even considering the blistering pace at which James has coded everything.
Barely. I literally cannot believe the rate of progress since the ICO, but there is it anyway. And for free (or at least an equity stake rather than big BTC salary), with a decentralised community doing the rest.
Makes you wonder what those guys at Ethereum have been up to, let alone the other lot.