Chinese New Year is not going to be a problem for a variety of reasons, so don't worry about that.
Translation: Chinese New Year won't introduce any unforseen delays, because we don't intend to release anything ever. Pay no attention to that man behind the curtain.
I will be heading east at some point to babysit the process, as soon as I have dates for that, I'll let everyone know.
Translation: I'll soon be smoking cigars and drinking champagne from the navels of exotic beauties in Havana, Cuba, suckers. I'll be posting pictures of lighting my cigars with your dollars.
Doubtful. If it was a scam, they would have left a long while back. They are getting more refunds than orders at this point, so if it was a scam, by continuing to sit on it, they'd be losing money. What would be the sense in that?