1) My red flag would be end of December if the situation is the same now in January this for me would be a cause for concern. I appreciate it's difficult to set timelines when you try to create something from nothing but that kind of delay without a satisfactory explanation would for me not be goodI wrote this when all I'd seen was a gameplay video. Now I've played 3/4 alpha builds Gravity as a game has exceeded my expectations. I also have a better understanding of Ion's business model and rollout plan............ When the open beta ships that will be my red flag addressed

It's not a red flag if all you're doing with it is looking for an excuse to ignore it

. But whatever makes you feel good about your predicament.
For its next promotion ionomy should consider selling mugs and t-shirts, something along the lines "I'll be rich one day but for now all I got is this lousy t-shirt for an extra $20".