I received email from the dev listed on their github, so I do believe it is official information, but I understand the sentiment.  I would not say it is dead, but I also wouldn't necessarily vouch for it until we see more.  I suppose it depends how pessimistic you are and also how much you have in the coin.  I mined and I am optimistic so I have nothing to lose.  Can you provide information about the twitter being controlled by miners?