Far from it. Development is going strong. New wallets were released a few days ago. A second Android wallet is just about to be released. Development on qr code scanning for our webwallet (iphone) is close to finish. Isx.is is the only crypto exchange in Iceland for auroracoin, has now been in operation for a year. Development on a merchant solution is close to be finished and we just signed up our first merchant a few weeks ago.

We are just starting i think.